Lower Makefield Township is proud to announce that Moody’s Ratings has upgraded the Township’s general obligation bond rating from Aa2 to Aa1, reflecting our strong financial management, healthy reserves, and stable economic outlook.
In its report, Moody’s cited the Township’s sound fiscal policies, strong fund balance, and prudent budgeting as key factors in the upgrade. The rating also reflects Lower Makefield’s diverse tax base, solid financial position, and low debt burden.
“This upgrade is a testament to our commitment to responsible financial management and long-term planning,” said Township Manager David W. Kratzer, Jr. “It reinforces the strength of our local economy and our ability to maintain essential services while keeping taxes stable.”
The Aa1 rating is one of the highest credit ratings a municipality can receive and may result in lower borrowing costs, saving taxpayer dollars on future projects. Lower Makefield Township remains dedicated to fiscal responsibility and strategic growth to benefit residents and businesses alike.
The Moody’s Credit Opinion can be accessed here. For additional information on the Moody’s Rating Scale, please click here.
