Summary: Lower Moreland Township, Pennsylvania; General Obligation; General Obligation Equivalent Security

Standard&Poor's assigned its 'AA+' long-term rating, and stable outlook, to Lower Moreland Township, Pa.'s series A and B of 2015 general obligation (GO) bonds. At the same time, Standard&Poor's affirmed its 'AA+' rating on the township's GO bonds outstanding. The outlook is stable. The township's full faith and credit pledge secures the bonds. The township intends to use bond proceeds to refund its series 2009B and 2010A for a savings of about $200,000 to be taken upfront for sewer projects. There will be no extension of maturity. The rating reflects our assessment of the following factors for Lower Moreland Township: Very strong economy, which benefits from access to the Philadelphia metropolitan statistical area (MSA) contributing to

...Standard & Poor's assigned its '##+' long-term rating, and stable outlook, to Lower Moreland Township, Pa.'s series A and B of 2015 general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its '##+' rating on the township's GO bonds outstanding. The outlook is stable. The township's full faith and credit pledge secures the bonds. The township intends to use bond proceeds to refund its series 2009B and 2010A for a savings of about $200,000 to be taken upfront for sewer projects. There will be no extension of maturity. The rating reflects our assessment of the following factors for Lower Moreland Township:...

Summary