Fitch Upgrades Kendal on Hudson (NY) to 'BBB+'; Outlook Positive

Wed 13 Apr, 2022 – 2:41 PM ET

Fitch Ratings – New York – 13 Apr 2022: Fitch Ratings has assigned a ‘BBB+’ rating to approximately $36.0 million revenue refunding bonds, series 2022B (forward delivery) to be issued by the Westchester County Local Development Corporation (WCLDC) on behalf of Kendal on Hudson (KOH). Fitch has also upgraded to ‘BBB+’ from ‘BBB’ KOH’s Issuer Default Rating and the rating on $51.6 million series 2013 revenue and refunding bonds previously issued by the WCLDC on behalf of KOH.

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