Press Releases

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

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 Like

Sign Up for E-News

Chatham

Upcoming Events

Carousel_image_ece3b5130e6292ebb030_9a6eca9295fe72cab675_celebrating_20_years-graphic

Fri, April 7, 7:00 PM

Westmount Country Club, Woodland Park

Susan G. Komen North Jersey to Mark its 20th ...

Giving Back

Carousel_image_ea85ac90380aaeb9b78b_cse_ac_arial_bkgd_photo

Sat, April 8, 9:30 AM

Annunciation Center, Morristown

College of Saint Elizabeth Open House

Carousel_image_0286f85e649ee7b004c2_spring_guide_cover-rgb

Mon, April 10, 8:30 AM

Madison Area YMCA, Madison

Spring 2017 Session Begins

Education Giving Back Other

Community Members Should Gain Full Breadth of Issues

March 25, 2017

To the Editor:

I am writing in follow up to the March 24th article "Chatham Township Residents and Mayor 'Dialogue',Petitioners Unhappy with Wording of Proclamation."

Once again I urge community members and readers to gain a fuller breadth of the issue at hand by attending committee meetings or viewing the meetings' videos which preserves the complete public discourse.

Do You Remember the Vanderpoel Castle?

Did you know…

that there once stood a castle just beyond the Passaic River Bridge on the border of Summit and Chatham, at the interchange between Route 24, River Road and JFK Parkway?

It was called Vanderpoel Castle, built in 1885 by George Vanderpoel as a summer residence for his family. The castle sat on a sprawling 15-acre parcel of land that ran along the Passaic ...

The Floor Plan

There's an App for That - Cove's Digital 'Stainfighter'

Clean-Up on Aisle...!

We have all been there, spills happen and are a fact of life.

Don't distress ... You don't need a 'bat phone', signal for The Green Hornet, or check the cloak closet to see if Clark Kent is changing into his tights and cape as he morphs into his alter-ego.

When a 'Stain Emergency' occurs, the Cove Carpet One Floor ...

Overlook Auxiliary Spring Luncheon and Annual Meeting Set for May 11; Keynote Speaker to Detail Concept, Benefits of 'Mindfulness'

March 28, 2017

SUMMIT, NJ - The Overlook Auxiliary will celebrate its Spring Luncheon and Annual Meeting on May 11 featuring keynote speaker Charlotte Pendleton, who will discuss the concept of 'mindfulness'. The event will be held at Baltusrol Golf Club, beginning at 10:30 a.m.

The Overlook Auxiliary is a volunteer organization committed to serving the entire Overlook Medical Center ...