New York, March 10, 2014 -- Moody's Investors Service has confirmed its Baa1 rating on the Village of Sylvan Beach's$70,000 of general obligation bonds rated by Moody's. The debt is secured by a general obligation pledge as limited by the Property Tax Cap - Legislation (Chapter 97 (Part A) of the Laws of the State of New York, 2011). This action concludes a review for upgrade that Moody's had initiated on January 15, 2014 in conjunction with our new local government general obligation methodology.
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