News
November 19, 2020Metroplex Maintains A+ Bond Rating from S&P Global Ratings
S&P Global Ratings maintained Metroplex’s A+ bond rating in a new report issued yesterday.
S&P Global Ratings said in the report that Schenectady County’s economy “continues to experience healthy investments.”
The report also says that S&P “considers Schenectady County’s economy strong” and pointed to “ongoing development occurring county-wide, specifically at Mohawk Harbor and the Glenville Business and Technology Park.” The report also recognized “significant new business development.”
Metroplex Chair Ray Gillen said, “With the current pandemic, maintaining an A+ rating is a very good outcome for our development authority. We are also pleased that many of our economic development projects are recognized as boosting Schenectady County’s economy.”
