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postheadericon Bailey Place Insurance To Open Lansing Office

baileyplace120Bailey Place Insurance will soon be opening a new office in Tompkins County.
     Operating today from its main office in Cortland and another in Dryden, the agency will open its third location in September at the intersection of North Triphammer Road and Craft Road in Lansing.

The agency purchased the new building on North Triphammer in June and renovations are underway.

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postheadericon New York State S&P Rating Upgraded

albanycapital120Standard & Poor's raised its ratings of New York's general obligation and appropriation-backed bonds Wednesday.  General obligations bonds ratings went from AA to AA+, and the appropriation-backed bond rating was upgraded from AA- to AA.  The rating upgrade follows in the wake of a similar upgrade from Moody’s Investors Service and Fitch Ratings.

"The new AA+ rating for the state’s General Obligation bonds reflects our recent history of on-time budgets, a well-funded pension system and spending restraint," New York State Comptroller Thomas P. DiNapoli said Wednesday.  "Over the past few years, much has been done to put New York on a more solid financial footing, but some budgetary challenges remain. The state still needs to do more to curtail future budget gaps by aligning recurring revenues and expenditures."

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