NY suburb to tap bond market


The affluent enclave will use the proceeds from the sale expected in February for various capital improvements. — Bloomberg

NEW YORK: Westchester County plans to issue roughly US$189mil in general obligation bonds, with Fitch Ratings giving the debt a top-tier AAA rating.

The affluent enclave, home to New York City suburbs like Scarsdale and Rye, will use the proceeds from the sale expected in February for various capital improvements, according to Fitch.

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