Standard&Poor's Ratings Services affirmed its 'AA+' rating, with a stable outlook, on East Haddam, Conn.'s general obligation (GO) bonds based on Standard&Poor's recently released local GO criteria, published Sept. 12, 2013, on RatingsDirect. The municipality's full-faith-and-credit pledge secures the bonds. The rating reflects our opinion of the following factors for the municipality, including its: Strong economy, which benefits from its participation in, and access to, the broad and diverse Hartford and New Haven economies; Very strong budgetary flexibility with fiscal 2012 audited reserves at 19.7% of general fund expenditures; Adequate budgetary performance that takes into account management's budgeting practices, which we consider conservative; Very strong liquidity, providing very strong cash to cover debt service and expenditures;
