The rating on Newington, Conn.'s bonds is based on: Continued sound financial performance, Strong debt position with low debt burden and lack of future borrowing plans, An experienced management team, and Above-average wealth levels. The bonds are secured by the town's full faith pledge. Situated between Hartford and New Britain, Newington is a primarily 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 leading taxpayers include a balanced mix of commercial, industrial, manufacturing, and light industry. A former dependence on defense-related manufacturing has been reduced and replaced by light industry and a growing commercial and retail center. The revitalized Berlin Turnpike
