TOWN OF RED HOOK
7340 South Broadway
Red Hook, NY 12571
Phone (845) 758-4600
Fax (845) 758-5313
Contact: Robert McKeon, Supervisor FOR IMMEDIATE RELEASE
Phone: (845) 758-4622 November 23, 2020
STANDARD & POORS©AFFIRMS AA RATING FOR TOWN OF RED HOOK
Standard & Poors Global Ratings is affirming its AA rating on Red Hook, New York’s 2020 series ($995,000) general obligation (GO) debt with a stable outlook.
In its report, Standard & Poors cites:
- Strong financial management with good financial policies and practices
- Strong economy with access to a broad and diverse metropolitan statistical area (MSA)
- Very strong budgetary flexibility and liquidity
This very positive report is a reflection of all the good work by our employees and volunteers. We will continue to monitor the debt markets to provide maximum efficiency and savings.
To read the full report, go to www.redhook.org and click on the Standard and Poors link, S and P Global-Red Hook, NY; General Obligation