Harrison’s Moody’s Rating Remains AAA (Triple A)
By Harrison Supervisor/Mayor Richard Dionisio
Moody’s Investors Service has announced that Harrison has maintained a rating of AAA (Triple A), the highest attainable rating offered. This Triple A rating is a first for Harrison’s newly elected Supervisor/Mayor Richard Dionisio.
The rating report indicates that Harrison has a healthy financial position supported by conservative budgetary management, a sizeable and affluent tax base with ongoing commercial and residential development, a continued growth in reserve with strong budgetary flexibility, very strong liquidity levels, strong budgetary performance and a manageable debt burden with an average pension liability. The current outlook reflects the expectation of continued strong financial performance and stability in the local economy.
I would like to thank all those who contributed positively to the process, specifically to employees, residents and business owners who, through their efforts, added to Harrison’s stability and to its allure in attracting home buyers and business to Harrison.