Holmdel, NJ – The Holmdel Township Committee is happy to announce that Moody’s Investors Service has assigned a Aaa rating to the Township’s $16 million General Obligation Bonds, Series 2021. The firm has also maintained a Aaa rating to Holmdel’s outstanding general obligation unlimited tax bonds.

“The Township is pleased to receive the feedback that Moody’s expects our tax base and financial position will remain strong in the near-term future,” said Holmdel Mayor Greg Buontempo, on receiving the news. “One of our primary responsibilities is to maintain the financial health of this community and this rating confirms that we continue to meet that goal.

As reported by Moody’s, Holmdel’s Aaa is based on recent redevelopment projects in the
Township, its strong tax base, a strong financial reserve, and low debt burden.

As a result of Holmdel’s strong credit rating, the Township’s $15,969,000, 16-
year municipal bonds, sold on November 8 at an interest rate of 1.69%.

“Thank you to the staff and professionals who helped us to accomplish this,” added Mayor Buontempo.

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Jackson Pines and Cranston Dean in residency at Langosta Lounge in Asbury Park
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