Town maintains AAA financial rating

Town maintains AAA financial rating

Record-Journal

Standard & Poor’s Global Ratings has announced that it has assigned another “AAA” long term financial rating to the Town of North Haven.

S & P Global stated, “This rating reflects our view of town government’s leadership and proactive management with our expectations being that leadership will continue to develop opportunities for economic development and business expansion in North Haven.”

S & P further stated, “This long term rating also reflects town government’s strong leadership and management with good financial policies and strong budgetary performance.”

North Haven First Selectman Michael Freda stated: “I am delighted that we have continued to maintain this significant rating, as it provides the town with the benefit of lower interest rates, which saves our tax payers substantial dollars when it comes to the town bonding to improve its infrastructure. It also helps us to attract new economic development to the town.”

This marks the fifth consecutive year that North Haven has earned Standard & Poor’s AAA financial rating.

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