Moody's Investors Service said it has upgraded to Aa2 from Aa3 the rating on Falls Township, Pa.'s $19.4 million in general obligation debt outstanding.
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The upgrade reflects the township's maintenance of increased reserve levels driven by conservative revenue budgeting, and large and ongoing annual host community fees paid to the township by a landfill operator.
The Aa2 rating also incorporates the township's sizeable tax base, above average resident wealth levels, and low debt and pension burdens.
