Fitch: New Providence GO Bonds at 'AAA' with Stable Outlook
Friday, April 18, 2014 • 9:17am
NEW PROVIDENCE, NJ - Fitch Ratings has affirmed its 'AAA' rating on New Providence's general obligation (GO) bonds.
The rating outlook has been termed "Stable," with $11.9 million outstanding GO general improvement bonds.
Overall debt levels in the borough are moderate, and the borough's pension and other post-employment benefits liabilities are manageable, according to Fitch.
New Providence has a 2013 market value of $2.5 billion, which translates to $202,232 market value per capita.
Read more here: http://www.heraldonline.com/2014/04/17/5879691/fitch-affirms-new-providence-njs.html?sp=/100/773/385/#storylink=cpy