News & Announcements Home
The original item was published from 10/29/2020 12:35:46 PM to 12/4/2020 12:00:06 AM.

News & Announcements

Cranberry Announcements

Posted on: October 29, 2020

[ARCHIVED] Refinanced Bonds Bring $3.5 Million in Savings

price cutting dk gr

The rating may be Aaa, but Cranberry Township is playing in the big leagues when it comes to bond credit ratings from Moody’s Investors Service.

That rating helped the Township save $3.5 million through the refinancing of its General Obligation Bonds, Series of 2011 and General Obligation Bonds, Series of 2012. It’s a savings of 12.5 percent.

The Board of Supervisors earlier in October gave PNC Capital Markets LLC and bond counsel Dinsmore & Shohl LLP to prepare the bonds to be refinanced and approved the sale during their October 29 meeting.

Cranberry is one a few municipalities in the state to receive the Aaa rating from Moody’s, which analyzes debt obligations and assigns a rating based on a variety of factors. An Aaa rating is considered the highest quality and indicates the lowest level of credit risk.

Facebook Twitter Email

Other News in Cranberry Announcements

Hard Hat


Posted on: June 12, 2023
Great Lawn (2)

Armstrong Signs on For Great Lawn Project

Posted on: September 28, 2023

New Waterpark Project to Make a Splash

Posted on: September 28, 2023

Get Connected on Cable Line Project

Posted on: September 27, 2023

Volunteers Sought to Be ‘Leaf Angels’

Posted on: September 26, 2023
Coffee Cup

Coffee & Conversation on Cable Project

Posted on: September 26, 2023
Tree Pine - Dark Green

Take Action Against Spotted Lanternfly

Posted on: August 23, 2023
Parks - Yellow

2023 Fall & Winter Rec Guide OUT NOW!

Posted on: August 16, 2023