S&P Global Ratings assigned its ?AAA? long-term rating to Mahwah Township , N.J.?s approximately $25.1 million series 2025 general obligation (GO) bonds consisting of $10.7 million general improvement bonds and $14.4 million redevelopment bonds. At the same time, we affirmed our ?AAA? long-term rating on the township?s GO debt and the ?SP-1+? short-term rating on the township?s bond anticipation notes (BANs) outstanding. The outlook, where applicable, is stable. We base the rating on the application of our ? Methodology For Rating U.S. Governments ,? published Sept. 9, 2024. The township's full faith and credit and agreement to levy ad valorem property taxes, without limitation as to rate or amount, secures the GO debt. The short-term rating on the BANs reflects
