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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
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FEATURED COMPANIES

  • Lower Moreland Twp
  • Lower Moreland Twp Auth
  • MORE

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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors READ MORE >

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- Lower Moreland Twp
- Lower Moreland Twp Auth

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