Press Releases

Moody's Upgrades Chatham Township's GO to Aaa; Assigns Stable Outlook

42b17db60fb910bf734d_Screen_Shot_2017-02-17_at_3.09.38_PM.jpg
42b17db60fb910bf734d_Screen_Shot_2017-02-17_at_3.09.38_PM.jpg

NEW YORK - Moody's Investors Service has upgraded Chatham Township'S outstanding general obligation rating to Aaa from Aa1. This rating action affects approximately $5.8 million in rated debt. Concurrently, Moody's has assigned a stable outlook.

The Aaa rating reflects the township's sizable and affluent tax base located within commuting distance of the New York City (Aa2 stable) metropolitan job market. The rating also considers the township's history of strong financial operations leading to very strong reserves and low debt burden.

Rating OutlookThe stable outlook reflects the expectation that the township's finances will remain strong in the near-term. Obligor Profile

Sign Up for E-News

Chatham Township is located in Morris County (Aaa stable) approximately 25 miles west of New York City. The township's population is 10,452 according to the 2010 US Census.

Methodology

The principal methodology used in this rating was US Local Government General Obligation Debt published in December 2016. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.

Regulatory Disclosures

For ratings issued on a program, series or category/class of debt, this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series or category/class of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be

 

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Chatham

A Week at the Library of The Chathams Monday, June 18 – Sunday, June 24, 2018

Please note that the library will be closed on Sundays now through Labor Day weekend

PROGRAMS AND EVENTS

By Galina Natenzon

This week we are wrapping up our first session of ESL classes.  Stay tuned, we are planning a fall session to start in September.  New students are welcome to enroll!  This is the last week of calm and quiet at the library before our summer reading ...

Angie's Owners Want to Thank Their Chatham Customers

June 14, 2018

To the Editor:

We want to thank our customers and the entire community for their support and devotion to our business. Our last day of business will be July 31.

rWe will miss all the friends that we have developed over the past 26 years. Wishing everyone much success and happiness in the future.

Sincerely,

Louiza and Jimmy Poulimenos

P.S. "Until we meet ...

AtlantiCast

AtlantiCast Episode 17

On this week’s AtlantiCast, it’s National Men’s Health Month, so check out important health tips for you or the men in your life, learn about groundbreaking research into breast cancer treatment that could mean an end to chemotherapy for some patients, meet a local sports hero who’s living his baseball dreams thanks to Goryeb Children’s Hospital and much ...

Video: Dietze Says Despite Trade War Fears, Economy's Fundamentals Remain Strong

June 21, 2018

Point View Wealth Management's Founder, President and Chief Investment Strategist, David Dietze, live from the CNN building on the case for bullishness despite a potential trade war:

ptview.com/medias/tv-radio

For more than 25 years, Point View Wealth Management, Inc. has been working with families in Summit and beyond, providing customized portfolio management services ...

Cool Ways to Save Money This Summer

As the summer temperatures rise, home cooling costs rise as well. But there are ways to help save money without sweating the heat:

To increase your cooling system’s efficiency by as much as 20%, get it checked out for summer.  A technician will clean the condenser, make sure you have the optimal amount of refrigerant, and ensure the airflow over the coil is ...