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

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

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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

 

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Violence and Hatred Witnessed in Charlottesville Have No Place in Chatham Township

August 17, 2017

To the Editor,

I am writing to offer a few words pertaining to the riotous and fatal confrontation so many of us witnessed over the weekend in Charlottesville, VA.

I look around Chatham Township and I know that those actions and reactions are not our actions. Racism, bigotry, segregation, hatred and violence have no place here. They have no place in Chatham Township. They have no place in ...

S&P, Moody's Give Atlantic Health System Highest Health System Rating in NJ

August 16, 2017

MORRISTOWN, NJ - Atlantic Health System, a leading health care delivery system in New Jersey, is once again the highest-rated New Jersey based system rated by credit agencies Moody’s and S&P.

Moody’s raised its rating for the health care organization from A1 to Aa3, the highest rating among all health care systems in New Jersey, with an outlook of “stable.” The ...