Press Release|Public Finance
KBRA Affirms A+ Rating with Stable Outlook for Borough of Lansdowne, PA - G.O.
23 Oct 2026 | 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 or earned income taxes.
- History of sound General Fund balance given the Borough’s size and limited scope of operations.
Credit Challenges
- Less formal financial management policies and procedures.
- Low wealth levels supporting the generation of property tax revenues.
Rating Sensitivities
For Upgrade
- Significant increase in the level of unrestricted cash and General Fund balance.
- Sustained growth in the property tax base resulting in significantly increased wealth levels.
For Downgrade
- Trend of structural imbalance in operations leading to deterioration in fund balance and liquidity position.
- Material deterioration in the municipal resource base.
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