Kroll Bond Rating Agency (KBRA) has upgraded the long-term rating to A+ from A and revised the outlook to Stable from Positive on the Borough of Lansdowne, PA’s general obligation debt.
KBRA’s rating action reflects a trend of improved operating results which has reduced the reliance on cash flow notes to offset the seasonality of tax receipts. In addition, this rating reflects the Borough’s continued willingness to increase its operating millage when needed which has helped improve its financial strength over the years.
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If you have any difficulties accessing the report, please contact [email protected] or visit www.kbra.com.