Home / Local News / AVALON MAINTAINS HIGH BOND RATING

AVALON MAINTAINS HIGH BOND RATING

Avalon Blue Logo 2013For the second consecutive year the Borough of Avalon has attained an AAA bond rating from Standard & Poor’s Rating Services.  The AAA bond rating will continue to save the Borough hundreds of thousands of dollars in interest on any future borrowing and refinancing of existing debt.  The notice of the AAA bond rating, the highest rating offered by Standard & Poor’s, was delivered to Avalon  Finance Office on March 14. Standard & Poor’s also compliments Avalon for maintain “very strong liquidity” with strong cash to cover debt service and expenditures.

Check Also

NJ SCHOOLS DEAL WITH THREATS ON SOCIAL MEDIA

Some schools in the Garden State are dealing with reported threats of violence on social …

Leave a Reply

Your email address will not be published. Required fields are marked *