Montclair Achieves AAA Rating Fifth Year in a Row

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Baristanet

Montclair, NJ – For the fifth straight year, Standard & Poor’s Global Rating Services assigned a AAA rating to Montclair Township’s series general obligation (GO) improvement bonds and series GO school bonds. The agency also affirmed its AAA rating on the Township’s existing GO debt. The agency also cited the Township’s outlook as stable. AAA is the highest possible rating that may be assigned to an issuer’s bonds. It helps lower the cost of borrowing for capital projects thereby saving taxpayer dollars. “Attaining a AAA rating for a fifth straight year is a truly remarkable achievement, espec…

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