Standard&Poor's Ratings Services assigned its 'AA' rating to Newington, Conn.'s GO bonds, series 2005, and affirmed its 'AA' rating and 'AA' underlying rating (SPUR) on the town's outstanding debt. The 'AA' rating reflects the town's: Stable and primarily residential nature, coupled with above-average wealth and income indicators; Continued modest tax base growth, with a high market value per capita ratio; Continued solid financial performance and management, resulting in maintenance of strong reserve levels; and Favorable overall debt position, with modest future borrowing needs and a rapid amortization schedule. The town's full faith and credit pledge secures the bonds. Bond proceeds will be used to finance renovations to, and expansion of, the town's police station. This issue is the
