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Kenilworth cites strong bond sale after Moody's affirms AA2 rating; closing set for Feb. 26

Borough of Kenilworth Council · February 18, 2026

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Summary

Council reported a competitive bond sale after Moody's affirmed a double‑A2 rating; the winning bid came from TD Financial Products LLC and the borough expects a 13‑year issuance with a reported interest cost of about 2.86%. Closing is scheduled for Feb. 26; the finance committee will review the 2026 budget.

Councilman Morrow reported on the borough's recent bond sale, saying Moody's maintained a double‑A2 rating and the borough received eight competitive bids, with TD Financial Products LLC submitting the winning proposal. "We recently completed our ratings call with Moody's, and I'm pleased to…

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