Concurrently, Moody's has affirmed the Aa2 rating on the village's outstanding long-term parity debt. After the sale, the village will have $7.7 million in rated general obligation limited tax debt.
An Aa2 rating by Moody's means the bonds are seen as high-quality and a very low credit risk.
The Aa2 rating reflects the village's strong financial position and above-average wealth indices. The rating also reflects the moderately sized tax base.
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