Westchester County has once again received the highest possible credit rating from S&P Global Ratings, which assigned a ‘AAA’ long-term rating to the County’s $250 million Series 2026A General Obligation Bonds, $30 million Series 2026B General Obligation Bonds, and $23 million Series 2026C General Obligation Bonds, while also affirming the County’s existing general obligation debt at ‘AAA’ with a Stable Outlook.
The ‘AAA’ rating is the highest rating awarded by S&P Global Ratings and reflects the agency’s continued confidence in Westchester County’s strong financial management, stable economic base and responsible long-term planning.
Westchester County Executive Ken Jenkins said: “Maintaining a ‘AAA’ credit rating from S&P Global Ratings is a powerful affirmation of Westchester County’s strong fiscal discipline and responsible financial management. This recognition reflects the careful budgeting, strategic planning and commitment to maintaining healthy reserves that allow us to invest in critical infrastructure and services while protecting taxpayers. We will continue to make smart financial decisions that keep Westchester strong today and well into the future.”
Earlier this week, Fitch Ratings also assigned a ‘AAA’ rating to Westchester County’s 2026 Series A, B and C General Obligation (GO) Bonds and affirmed the County’s Issuer Default Rating (IDR) at ‘AAA’ with a Stable Outlook. The ‘AAA’ rating is the highest possible rating awarded by Fitch and reflects the agency’s expectation that Westchester County will continue to maintain exceptional financial resilience through economic cycles.
S&P Global Ratings noted that Westchester County’s stable outlook reflects expectations that County leadership will continue to manage operations proactively and respond effectively to budgetary pressures. The rating agency also highlighted the County’s ongoing efforts to strengthen long-term resilience through investments in infrastructure and planning initiatives addressing climate risks such as flooding and sea level rise. These efforts include upgrades to wastewater treatment facilities and studies to guide future development standards in vulnerable areas.
General obligation bonds are backed by the full faith and credit of Westchester County and are used to finance a wide range of capital improvements that benefit residents, including infrastructure, public facilities and community investments. The reaffirmed ‘AAA’ rating places Westchester County among the most financially stable local governments in the nation, helping the County secure the most favorable borrowing rates and ultimately saving taxpayer dollars.