TITLE

Hopewell, N.J., Raised by Moody's

PUB. DATE
December 2004
SOURCE
Bond Buyer;12/9/2004, Vol. 350 Issue 32026, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Moody's Investors Service Inc. said it has upgraded the rating on the township of Hopewell, New Jersey's outstanding general obligation debt to Aa2 from Aa3, affecting $13.5 million in outstanding general obligation bonds. Moody's investors Service Inc. expects the township's $3.4 billion tax base, which has grown 86.1% since 2000, will continue to see healthy market appreciation, but a slowdown in development given the township's commitment to preserving open space within the community.
ACCESSION #
15317142

 

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