The rating on Newington, Conn.'s bonds reflects: Sound financial performance, A strong debt position with a low debt burden, An experienced management team, and Above-average wealth levels. These strengths are offset by some vulnerability to broader regional economic trends. The bonds are secured by a full faith pledge. Situated between Hartford and New Britain, the town of Newington is primarily a residential community with a diverse economic base. Nearly one-third of the town is zoned industrial/commercial, which is a much higher percentage than the typical Connecticut community. The town's largest taxpayers include a balanced mix of commercial, industrial, manufacturing, and light industry. A former dependence on defense-related manufacturing has gradually been reduced, replaced by light industry and commercial activity. The
