The most significant benefit of this rating is the ability to borrow money at the lowest possible interest rate. The rating will enable the Township to finance its new bonds, and to refinance other outstanding debt, at advantageous rates.

Thanks to our local AAA office for being a great partner If you are a Sprint customer make sure you.

“The outlook is stable, reflecting our expectation of sustained strong financial performance, further growth in assessed value, and continued stability of wealth levels in the tax base,” the report said. Sprint Store Cranberry Twp is at AAA Cranberry Township. The reevaluation of the Township’s credit score was prompted by its decision in July to float bonds for $10 million to complete work on its wastewater treatment plant upgrade and to undertake several other capital projects.Īccording to Moody’s Credit Opinion, Cranberry’s Aaa rating “reflects the Township’s growing, diverse tax base, well-managed and robust financial position with healthy reserves and modest debt burden.” The report noted the Township’s continuing growth in its tax base, its consistent general fund and capital reserve levels and modest fixed costs as additional credit strengths. In 2017, Moody’s Investors Service upgraded Cranberry Township’s already very high Aa1 credit rating to an even higher Aaa rating – the highest score Moody’s issues – which makes the Township one of only seven municipalities in the state, and the only one in Western Pennsylvania, to be assigned that rating.

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