Moody's Investors Service said it has upgraded East Brandywine, Pa.'s general obligation rating to Aa3 from A2.
The upgrade affects $9 million in GO debt.
The upgrade to Aa3 incorporates the township's improved financial position over the last several years, which has resulted in healthy reserve levels and liquidity, as well as tax base expansion, which has driven growth in taxable values and revenues.
The Aa3 also factors the township's ongoing development projects, above-average demographic profile, and manageable debt burden.
