BOSTON (Standard&Poor's CreditWire) March 23, 2000-- Standard&Poor's today assigned its double-'A' rating on Newington, Conn.'s $6 million GO bonds due April 1, 2015. The bonds are scheduled to sell March 30, 2000. The outlook is stable. In addition, Standard&Poor's affirmed its double-'A' rating on the town's $1.33 million GO bonds. The rating is based on: -- Continued sound financial performance, -- Strong debt position with low debt burden and lack of future borrowing plans, -- An experienced management team, and -- Above-average wealth levels. The bonds are secured by the town's full faith pledge. Situated between Hartford and New Britain, Newington is a primarily residential community with a diverse economic base. Nearly one-third of
