Tag: Moody’s Investor Service
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Old Bridge is a ‘well run and very stable’ township, according to 2019 audit
OLD BRIDGE – Old Bridge is “a well run and very stable” township, according to Township Auditor Bob Allison, who presented the township’s 2019 audit. “I have no comments and recommendations,” he said. Allison appeared before the Township Council on Oct. 21. The township has an “Aa1” bond rating, the second highest rating Moody’s Investors…
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Moody’s rating finds Metuchen finances ‘robust’
METUCHEN – The overall finances in Metuchen are “robust” and the debt burden of Metuchen is small, according to Moody’s Investors Service Annual Issuer Comment Report (AICR). Borough Administrator Jay Muldoon read some highlights from the report at a Borough Council meeting on March 25. The AICR, according to its website, provides a summery of…
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Old Bridge’s goal is to obtain Moody’s triple A bond rating
OLD BRIDGE – With an “Aa1” bond rating – the second highest rating Moody’s Investors Service assigns to the top 10% for municipalities both nationwide and New Jersey – it means the township is in excellent financial position, according to Business Administrator Himanshu Shah. So what is preventing the highest rating of AAA? Shah said…
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Old Bridge financial health is ‘strong’
OLD BRIDGE – Moody’s Investor Service, a subsidiary of Moody’s Corporation, is reporting that the Township of Old Bridge’s 2018 financial health is strong. The assessment shows that the township’s credit overview, which looks at finances, economy and tax base, debt and pensions, and management and governance, is in very strong position, according to…
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Burlington County receives strong financial rating for second time in two months
Burlington County Freeholder Director Kate Gibbs has announced the county improved its long-term financial position outlook, citing a “very strong local economy and budgetary performance.” Based on a report from S&P Global Inc., a global provider for credit ratings, the county’s most recent financial achievement comes two months after a Moody’s Investors Service upgrading, where…
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Mayor touts Edison budget with tax hike
EDISON — Mayor Thomas Lankey said the proposed 2017 budget continues the vows that he made when he came into office four years ago to improve infrastructure, public safety and the township’s reputation. “I believe this is a prudent budget – one that provides tremendous service to the residents of the town,” he said at…