Increased resident wealth and incomes (bonds)
The stable outlook rating reflects the township's large, stable tax base and strong financial position.įACTORS THAT COULD LEAD TO AN UPGRADE OF THE RATINGS The MIG 1 short term rating reflects the township's strong fundamental credit quality, reflected in its Aa2 long-term credit rating, strong liquidity, and an established record of market access. The rating also takes into account modest enterprise risk and an above-average debt, pension, and OPEB burden. The Aa2 GOULT rating reflects the township's substantial, growing tax base, above-average resident wealth and incomes, favorable location and stable finances. Moody's maintains the township's Aa2 general obligation unlimited tax (GOULT) rating. We have also assigned a MIG 1 rating to its $1.5 million Special Emergency Note (Federally Taxable). New York, Janu- Moody's Investors Service has assigned a MIG 1 rating to the Township of Edison, NJ's $93.2 million Notes, consisting of $78 million Bond Anticipation Note, $7.2 million Sewer Utility Bond Anticipation Note, and $8 million Water Utility Bond Anticipation Note. Rating Action: Moody's assigns MIG 1 to Edison, NJ's notes
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