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Metroplex Scores A+ Bond Rating from Standard and Poor’s

August 13, 2012

Schenectady, N.Y. — Both Standard & Poor’s and Moody’s have issued new bond ratings for the Schenectady County Metroplex Development Authority.

Standard and Poor’s gave Metroplex an A+ rating.  The rating agency credited a “healthy investment” in the Metroplex service area in updating its credit rating. The Metroplex service area includes most commercial areas in Schenectady County.

Moody’s pointed to Schenectady County’s strengthening economy in assigning the A1 rating.  The rating agency said that it “believes the County’s economy will continue to strengthen as a result of economic development and reversal of population decline.”  Moody’s went on to say that the County has “seen increased economic development activity over the past few years.”

Ray Gillen, Metroplex Chair said, “These bond ratings reflect well on the overall management and direction taken by Metroplex as we continue to invest in new projects that in turn create additional tax base and new jobs.”

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