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Town of Red Hook7340 South BroadwayRed Hook, NY 12571845-758-4600Fax 845-758-5313www.redhook.org
Press ReleaseContact: Robert McKeon, SupervisorPhone: (845) 758-4622
FOR IMMEDIATE RELEASEJUNE 4, 2019
STANDARD & POORS© AFFIRMS AA RATING FOR TOWN OF RED HOOK
Standard & Poors Global Ratings is affirming its upgraded (2016) AA rating on Red Hook, New York’s general obligation (GO) debt with a stable outlook.
In its report, Standard & Poors cites:
“The rating action reflects our view of the Town’s strong management with good financial policies and practices” under our Financial Management Assessment - S & P Global Report 5/29/19.
This very positive report is a reflection of all the good work by volunteers and employees over the years. It is particularly noteworthy that we’ve managed to strengthen the Town’s finances over the last few years while avoiding any increases to the tax rate.
To read the full report, go to www.redhook.org and click on the link.