Standard & Poor's Ratings Services said it has raised its underlying rating on Wappingers Falls, N.Y.'s series 2009 public improvement (serial) general obligation bonds by one notch to A-plus from A.

This action is based on Standard & Poor's recently released local GO criteria and the village's improved financial strength. At the same time, Standard & Poor's has assigned its A-plus long-term rating to Wappingers Falls' series 2013 public improvement (serial) GO bonds. The outlook is stable.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.