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  • Ratings Agencies Interview Local Officials, And Like What They Hear

    Most people at one time or another have had to sit through interviews with bank officials as part of the application process for mortgages, business loans, or personal lines of credit. But what happens when tens of millions of dollars are in play and global bond rating agencies are asking the questions?

  • New Rating Saves Taxpayers $700,000 On Latest Bond Issue

    How much is Newtown’s latest bond rating increase worth to taxpayers? According to finance officials, almost a three quarters of a million dollars.

    Finance Director Robert Tait is touting the rock bottom 2.71 percent interest rate Newtown received March 12 on that bond sale as proof that seeking and achieving a AAA bond rating upgrade pays off.

  • Newtown Achieves Coveted AAA Bond Rating From S&P

    Newtown officials learned February 12 that Standard & Poor's awarded the community a AAA bond rating.