For 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.
