Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Pitman retains AA- bond rating; officials say stability is favorable
Summary
Administrator McCafferty told council the Borough received a bond rating of AA-, unchanged from its prior rating; she and CFO Bachich said the result is favorable and outlined plans to explore ways to improve the rating.
Administrator McCafferty reported at the July 28 work session that the Borough received a bond rating of AA-, which is the same rating it previously held. She described the unchanged rating as favorable given the Borough had not been rated for several years.
McCafferty said she and CFO Bachich have ideas to pursue to improve the rating in the future; no specific steps were adopted at the work session. Council did not take formal action beyond noting the report.
