Standard & Poor's Ratings Services affirmed its 'A+' underlying rating (SPUR) on Lower Moreland Township Authority, Pa.'s outstanding revenue and GO bonds, issued for Lower Moreland Township, reflecting the township's: Strong local economy with easy access to, and participation in, the greater Philadelphia MSA; High wealth levels and historically low unemployment; Significant growth in new housing development; Strong finances marked by significant fund balance reserves; and Low debt burden. The bonds are secured by the township's full faith and general obligation credit pledge. Lower Moreland Township (population: 11,281) is a small, primarily residential community in Montgomery County within easy commuting distance to the greater Philadelphia area. Residents of the county are employed in a variety of sectors including services, trade,
