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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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Chatham

Wakeup Call: Opioid Epidemic Reaches into Chatham Community

May 26, 2017

Dear Editor-

I write today because over the past year I have attended several Opioid Awareness Forums in Morris County due to my job as Municipal Alliance Committee of the Chathams Coordinator. I’m confident that everyone is aware that the United States is in the throws of an Opioid Epidemic. New Jersey is one of the hardest hit states.

I think most Chatham residents imagine this ...

Adult Education at Library of The Chathams

Library of The Chathams continues its popular series CALL: Chatham Adult Lifeworks Learning.  The following two courses will be offered in June.

20th Century Comedians

June 6, 13, 20 & 27 at 11 am

Larry Wolfert, an instructor for the Osher Lifelong Learning Institute at Rutgers University, will present a four-part series of lectures on comedians of the 20th century.  ...

Hats and Shirts for the 40th Annual Jaycees Fishawack Run Now at Dunkin' Donuts

May 26, 2017

CHATHAM, NJ - The 40th Anniversary Fishawack Run shirts can now be previewed by visiting Dunkin' Donuts on Main Street in Chatham Borough.

The employees are modeling the shirts and the hats, and the  top finisher awards are on display. Applications can be picked up there or registrants can sign up on line at  www.chathamfishawackrun.org  for the June 10th ...