Borough Earns AA Bond Rating from S&P

As of June 4th, 2026, the Borough has earned a AA bond rating from Standard & Poors (S&P). The rating applies to the Borough's approximately $2.0 million Series 2026 General Obligation (GO) Notes, issued by the Delaware Valley Regional Finance Authority (DelVal) on behalf of the Borough, and will last the life of the note - 20 years.

A bond rating is an independent assessment of a bond’s credit quality, typically a letter grade (e.g., AAA, AA, A) that signifies the likelihood of a borrower, like a borough, defaulting on its debt. S&P's best rating is a AAA followed by a AA+, meaning the Borough secured the 3rd best score possible, out of 10 possible investment-grade ratings.

A strong bond rating is crucial for a borough's financial health and operational success. It’s a key indicator of the institution’s creditworthiness, similar to a personal credit score, but on a much larger scale. A high rating signals to investors that the institution is a low-risk borrower, making it easier and less expensive to secure funding.

This recent rating reflects years of hard work and time invested in improving the financial health of the Borough. Likewise, it represents a key step forward in the Borough's financial capacity, potentially leading to lower borrowing costs and more resources for the Borough's continued work in maintaining and improving the community.