Tredyffrin Rates AAA In Moody Bond Assessment

TREDYFFRIN —Moody’s reaffirmed Tredyffrin Township’s AAA credit rating in December, noting the township's financial position is strong with reserves and liquidity as well as excess revenues.

The AAA rating is the highest of all Moody's bond ratings. This rating was based on Moody's assessment of the township's ability to meet its financial obligations and reflects its strong financial operations, tax base growth, high wealth levels, and moderate debt burden.

Moody's also anticipates the township's financial operations to remain very strong.

The AAA rating helps the township achieve lower interest rates on bond issues for such purposes as highway construction, park acquisitions, and other infrastructure expenditures.

The Tredyffrin supervisors voted to pursue the purchase of $9.9 million in bonds to fund a new firehouse, stormwater upgrades, a bridge repair, and other capital improvements.

The funding would be used to fund a new Berwyn firehouse, repairs to the Glenhardie Bridge, and stormwater projects throughout the township.

The stormwater projects include Woodcrest, Willis, Upper Weadley, Blair Road, West Valley Roads, Jeffrey Lane, and the township public works buildings.