Standard&Poor's Ratings Services raised its rating on Newington, Conn.'s general obligation (GO) bonds to 'AA+' from 'AA' based on the implementation of its local GO criteria published on Sept. 12, 2013. The outlook is stable. A pledge of the town's full faith and credit secure these bonds. The rating reflects our assessment of the following factors for the town. We consider Newington's economy to be very strong based on the town's access and participation in the broad and diverse Hartford-West Hartford-East Hartford metropolitan statistical area. Newington is a primarily residential community with a diverse economic base. It has a projected per capita effective buying income at 117.6% of the national average, while market value per capita is $118,609.
