Borough Of Bernardsville : Bernardsville Borough Announces Aaa Bond Rating From Moody's Investor Services

Press release from the Borough of Bernardsville:

March 26, 2021

The Borough of Bernardsville (pop. 7,600) announced that Moody’s Investor Services has awarded the Borough its highest credit rating of Aaa. The rating is associated with an upcoming general obligation bond sale for an amount of $5,103,000, the proceeds of which will fund the consolidation of preexisting short term bond anticipation notes linked to prior projects and finance new infrastructure and capital improvements.

Mayor Mary Jane Canose said, “I am extremely pleased that Moody’s has deemed it appropriate to give our municipality its highest credit rating.  I hope this news reinforces confidence in our future for our existing residents and business owners, and those who are considering calling Bernardsville home.”  She added, “The significance of this rating is that we will be able to undertake important investments at the lowest possible financing cost, and I would like to thank the Finance Committee for their work in laying the groundwork for this rating.”

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This press release was produced by the Borough of Bernardsville. The views expressed here are the author’s own.