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WESTCHESTER COUNTY, N.Y., $51.6 MILLION GENERAL OBLIGATION BONDS RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --

 WESTCHESTER COUNTY, N.Y., $51.6 MILLION GENERAL OBLIGATION
 BONDS RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --
 NEW YORK, Feb. 26 /PRNewswire/ -- Westchester County, New York's proposed issue of $51.6 million general obligation bonds are rated 'AAA' by Fitch. The county will offer general obligation Serial Bonds-1992 A for bids on March 4.
 Westchester has historically been and continues to be one of the most creditworthy counties in New York state. The county possesses a well diversified, wealthy economic base that provides ample support for its sizable needs. Service requirements are high, reflecting the desires of the populace, the needs of some of the less affluent population within the county, and the mandates imposed by the state.
 Although well-positioned to withstand the current recession, budget pressures are being experienced, particularly in the economically sensitive revenues. Financial performance remains strong, but not at past levels. Budgeting is conservative, however, and the strain is being managed within the budget. Debt position is easily manageable. The credit trend is stable.
 -0- 2/26/92
 /CONTACT: Colleen Woodell of Fitch, 212-908-0507/ CO: Westchester County, N.Y. ST: New York IN: SU: RTG


CK -- NY050 -- 2809 02/26/92 12:35 EST
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Publication:PR Newswire
Date:Feb 26, 1992
Words:198
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