by Jackson Township
JACKSON TOWNSHIP, NJ-Mayor Michael Reina is pleased to announce that Moody’s Investors Services raised its long-term rating on Jackson Township, N.J.’s general obligation bonds. Rating agencies, such as Moody’s, performs annual reviews on outstanding bond issues for whom they have previously rated. In their review of Jackson Township this year, they noticed a trend that could result in a credit rating action.
After further review, based on their findings, they upgraded Jackson from Aa2 to Aa1. This rating reflects Moody’s opinion of the Township as being fiscally responsible, having a strong reserve position and low debt. It is considered to be of high quality and subject to low credit risk.
“My Administration has worked hard to stabilize spending and secure a sound budget, while faced with financial challenges. Combined with our current Standard and Poor’s rating of AA+, the Township has received the second highest rating a debt issuer can receive. This is fantastic news and I thank everyone for their hard work in securing this rating”, said Mayor Reina.