Town Supervisor Ciaran Hanna today announced that S&P Global Ratings has reaffirmed Perinton’s “AA+” credit rating with a “Stable” outlook. This rating not only highlights our Town’s strong financial standing but also helps us secure lower interest rates for future borrowing, ultimately saving taxpayer dollars.
According to S&P, Perinton maintains robust operating performance and reserves across all major accounts, supported by solid policies and practices. Our Town’s strong track record of conservative budgeting and sound financial planning has contributed significantly to this affirmation.
Key Credit Highlights:
- ‘AA+’ Long-Term Rating: Reflects high credit quality.
- Strong Operating Performance and Reserves: Perinton maintains robust financial health and stability.
- Stable Outlook: Indicative of sound management practices and financial stability.
- Potential for Positive Rating Action: Improving economic metrics and sustained strong budgetary performance could enhance the rating further.
Supervisor Hanna said, “This reaffirmation by S&P Global is a testament to the diligent work of our entire team in maintaining Perinton’s strong financial health. We are committed to ensuring that our fiscal policies continue to benefit our community, providing a stable foundation for our future.”
S&P praised Perinton’s management for its conservative budgeting practices, robust five-year Capital Improvement Plan (CIP), and solid economic indicators. With strong financial policies and practices, Perinton continues to be a model of fiscal responsibility.
