East Hampton Town’s bond rating has again been upgraded by Moody’s Investors Service, which assesses the town’s financial position and outlook before issuing a rating prior to a town bond sale.
The rating went up one level from Aa3, assigned last year, to Aa2. The ratings range from a low of C to a top rating of Aaa. Numeric modifiers of 1, 2, or 3 are added to all but the top designation, with 1 indicating a top rating within the alphabetical category. The Aa2 rating is two steps from the top rating of Aaa.