•S&P Global Ratings assigned its 'A' long-term rating to the Village of Sylvan Beach , N.Y.'s approximately $2.868 million series 2025 general obligation (GO) public improvement bonds, reflecting the application of our criteria, " Methodology For Rating U.S. Governments ," published Sept. 9, 2024. •The outlook is stable. The village's faith-and-credit pledge secures the GO debt. Officials intend to use series 2025 proceeds for a welcome center and a Department of Public Works (DPW) garage. Our rating on Sylvan Beach GO debt reflects the village?s consistent financial performance and manageable liabilities burden. Although we view the village?s relatively weak economic metrics and its small population of 890 as credit risks, we also think Sylvan Beach?s status as a summertime recreation
