S&P Global Ratings assigned its 'AAA' long-term rating to Wyckoff Township , N.J.?s $9.2 million general improvement bonds, series 2025. The rating reflects the application of the criteria " Methodology For Rating U.S. Governments ," published Sept. 9, 2024, on RatingsDirect. The outlook is stable. Wyckoff?s full-faith-and-credit pledge secures the proposed bonds. Officials intend to use series 2025 bond proceeds to permanently finance existing bond anticipation notes (BANs) and to fund various capital improvements. Wyckoff?s affluent, growing property tax base and increasing available reserves support the long-term rating and offset its increasing debt-and-retirement liabilities and limited formalized financial policies compared to those of many similarly rated peers. The township benefits from a location in northern New Jersey and access to
