The town of Princeton has received a AAA bond rating from the financial services firm Standard & Poor’s, its first credit rating since the Borough and Township consolidated in January, The Times of Trenton reported.
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The bond rating, which is an indicator of fiscal health, will allow the town to borrow money at lower interest rates. In 2012, the Borough was assigned a AA+ rating and the Township a AAA rating.
Three percent of the state’s 565 municipalities, or 17 other towns, earned a AAA rating from Standard and Poor’s, the highest mark the firm awards.
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