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Summary: Lower Moreland Township Authority, Pennsylvania Lower Moreland Township; General Obligation; General Obligation Equivalent Security Nov 11 Product Image

Summary: Lower Moreland Township Authority, Pennsylvania Lower Moreland Township; General Obligation; General Obligation Equivalent Security Nov 11

  • ID: 2024491
  • November 2011
  • Region: Pennsylvania
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating and stable outlook to Lower Moreland Township Authority, Pa.'s series 2011 guaranteed sewer revenue bonds, issued on behalf of Lower Moreland Township. At the same time, Standard & Poor's affirmed its 'AA+' rating, with a stable outlook, on the township's general obligation (GO) and guaranteed sewer debt. The rating reflects our opinion of the township's: Access to the Philadelphia area employment market; Very strong wealth and income levels; Sound financial position, with available general fund reserves equal to at least 24% of expenditures in the past three audited fiscal years; and Rapid amortization schedule coupled with limited capital needs. An offsetting factor is the township's high debt burden on a...

Companies mentioned in this report are: Lower Moreland Twp,Lower Moreland Twp Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Lower Moreland Twp,Lower Moreland Twp Auth

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