S&P Global Ratings affirmed its 'BBB+' issuer credit rating (ICR) on Poughkeepsie, N.Y.'s, based on the application of its "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. S&P Global Ratings also removed the rating from Under Criteria Observation (UCO). We had placed the rating on UCO pending our review, following the publication of the criteria. The outlook is positive. An ICR reflects the obligor's general creditworthiness. There is no rated debt associate with this is rating. The 'BBB+' rating reflects our view of the city's proactive management team, improved reserve position, and manageable debt levels. Economic headwinds in the form of inflationary expense pressures and the city's ability to maintain revenue growth in a tight operating environment
