NEW YORK (Standard&Poor's) Feb. 17, 2012--Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating to the Township of Mahwah, N.J.'s series 2012 general improvement refunding bonds. "The rating reflects the township's participation in the New York City metropolitan area, which contributes to very strong economic indicators, large and very diverse property tax base, very strong financial position, and a low to moderate debt burden," said Standard&Poor's credit analyst Hilary Sutton. The stable outlook reflects Standard&Poor's opinion of the township's financial position, which remains at a level the ratings agency considers very strong despite newly implemented revenue-raising restrictions. The township's stable economy and very strong wealth and income levels further support the outlook,
