Hamilton Township is proud to announce that S&P Global Ratings has reaffirmed its 'AA' long-term rating in anticipation of the Township's upcoming $28.1 million general obligation bonds (GO bonds) and maintained an 'SP-1+' short-term rating on its $21.6 million bond anticipation notes (BANs). This affirmation highlights the Township's robust financial health and stable economic outlook.
This ‘AA’ rating reaffirmation reflects continued confidence in Hamilton’s sound fiscal policies, prudent financial management, and strategic long-term planning. The ratings strongly endorse the Township’s economic fundamentals and ongoing efforts to maintain a stable and sustainable financial future for its residents.
S&P recognized Hamilton Township’s diverse and growing economic base, such as a rising commercial tax base that has led to increased revenue from building permits. Along with the Martin Administration’s conservative budgeting, management strategies, and commitment to transparency, have greatly assisted the Township's overall financial profile.
“We are pleased to receive this reaffirmation of our credit rating, highlighting our commitment to fair financial management and long-term planning,” said Mayor Martin. “We hope to keep the momentum while helping our residents save as much money as possible, with changing economic trends.”
In its assessment, S&P Global Ratings also cited Hamilton’s low market risk profile, noting the Township’s demonstrated strong ability to meet upcoming debt obligations through financial reserves and reliable revenue streams. The reaffirmed rating places Hamilton among the top-tier municipalities in New Jersey in terms of creditworthiness, ensuring continued access to capital markets at competitive interest rates, benefiting both taxpayers and the broader community.