Long Beach Gets Positive Outlook From Moody’s

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February 3, 2017 – “Moody’s Investors Service has assigned a Baa1 rating to the City of Long Beach, NY’s $6.8 million Public Improvement Serial Bonds – 2017. Moody’s maintains a Baa1 rating on the city’s $113 million of outstanding general obligation debt. The outlook is positive… The positive outlook also reflects our expectation that management will continue to build reserves over the near term. The outlook further reflects improved fiscal controls and policies implemented by the current management team.”

For more information from Moody’s, click here.

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