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Moody’s assigns highest bond credit rating to Township’s Recreational Facility Improvement Bonds

Moody’s Investors Service, Inc., a leading provider of credit ratings and risk analysis, recently assigned the Aaa rating, the highest rating given, to Anderson Township’s General Obligation (Limited Tax) Recreational Facility Improvement Bonds.

Moody’s noted that the Township’s strong credit profile is characterized by healthy operating reserves and a stable tax base with modest debt burden although exposure to two underfunded State pension plans was noted as a credit challenge. 

Moody’s report noted that the township’s financial position is likely to remain stable given proactive management and conservative budgeting practices.  The report also indicated that the township’s strong financial position is supported by strong management and the use of multiyear budget and capital planning.