Follow us on Instagram
Try our daily mini crossword
Play our latest news quiz
Download our new app on iOS/Android!

News & Notes: Town receives AAA bond rating from Standard and Poor’s

The town of Princeton has received a AAA bond rating from the financial services firm Standard & Poor’s, its first credit rating since the Borough and Township consolidated in January, The Times of Trenton reported.

 

ADVERTISEMENT

The bond rating, which is an indicator of fiscal health, will allow the town to borrow money at lower interest rates. In 2012, the Borough was assigned a AA+ rating and the Township a AAA rating.

Three percent of the state’s 565 municipalities, or 17 other towns, earned a AAA rating from Standard and Poor’s, the highest mark the firm awards.

ADVERTISEMENT
ADVERTISEMENT