Piscataway Keeps High Standing with Standard & Poor's
1Township Again Earns AA+ Stable from Renowned Rating Agency
October 22, 2020 – Mayor Brian C. Wahler and the Township Council are very happy to let residents know that Standard & Poor’s continues to keep Piscataway among its high ranked municipalities by again giving the Township its AA+ stable rating, its second highest rating since 2013.
In its report, Standard & Poor’s stated, “We view the township's management as very strong, with strong financial policies and practices under our financial management assessment methodology, indicating our view that financial practices are strong, well embedded, and likely sustainable.”
Standard & Poor’s 2020 & 2019 general obligation rating of AA+ stable matches the 2018 upgrade by Moody’s of its general obligation rating from Aa2 to Aa1(stable), its second highest rating possible.
“Despite the disastrous economic policies from this White House that have wreaked unnecessary financial problems across the country, Piscataway continues to outperform and succeed,” Mayor Brian C. Wahler said. “Our model of sound financial practices and encouraging economic development in our community continues to pay enormous dividends for all Township families.”
Township officials have been proud of the strong financial policies and practices that have attracted more companies to locate facilities in Piscataway, turning unused office buildings and brownfields into thriving sites of new commerce. This new commercial revenue paid for the construction of the newly opened, $32 million YMCA at the Piscataway Community Center (YPCC), built with no residents’ tax monies.