Cranberry Township earns highest Moody’s credit rating

Cranberry Township announced it received a Aaa credit rating on Moody’s Rating scale, the highest possible, on Wednesday, Oct. 22.

According to a release by the township, Moody’s noted the rating, “reflects (the Township’s) robust financial position … which will continue to exhibit strength in the near term.”

In the release, the township attributed part of the success to the decision in the spring by the supervisors to refinance the township’s existing debt.

Cranberry Township is one of only 14 municipalities in Pennsylvania, and the only in Western Pennsylvania, to achieve a Aaa rating, the release said.