June 26, 2013 / 6:06 PM / 4 years ago

S&P raises Southampton, N.Y.'s GO rating to AA-plus

June 26 (Reuters) - Standard & Poor's Ratings Services on Wednesday raised the town of Southampton, N.Y.'s general obligation rating debt to AA-plus from AA. The outlook is stable.

The upgrade reflects the town's structural and technical reforms that have stabilized its finances, and increased revenues to its non-general fund operating funds, the rating agency said in a statement.

S&P also cited the affluent, stable local economy, and the low debt burden as reasons for the upgrade.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below