Press Release|Public Finance

KBRA Affirms A+ Rating with a Stable Outlook for Borough of Lansdowne, PA General Obligation Notes

9 Nov 2023   |   New York


KBRA affirms the long-term rating of A+ with a Stable Outlook for the Borough of Lansdowne, PA's general obligation notes.

Key Credit Considerations

The rating was affirmed because of the following key credit considerations:

Credit Positives

  • Capacity to increase property tax millage within existing statutory limits; demonstrated willingness to raise property taxes.

Credit Challenges

  • Less formal financial management policies and procedures.
  • Property value appreciation has trailed CPI inflation over the last decade.

Rating Sensitivities

For Upgrade

  • Significant increase in the level of unrestricted reserves in the general fund.

For Downgrade

  • Trend of structural imbalance in operations.
  • Significant decline in assessed valuation of property.

To access rating and relevant documents, click here.


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