The 'AA' rating on the town of Newington, Conn.'s series 2003 GO bonds reflects the town's: Primarily residential community, with above-average wealth and income indicators; Tax base that has shown modest growth over the past several years; Continued solid financial performance with sound reserve levels; and Favorable debt position with a low debt per capita ratio due to the infrequency of debt issuances. The town's full faith and credit pledge secures the bonds. Newington, with a population of 29,306, is between Hartford, Conn. and New Britain, Conn. and is primarily a residential community with a diverse economic base. The town is about 85.0% developed with residential vacancies at about 0.6%. A former dependence on defense-related manufacturing has been reduced and
