New York, January 24, 2014 -- Moody's Investors Service has confirmed the Aa2 rating on the Township of Pequannock's (NJ) General Obligation bonds, affecting $6.7 million of rated debt obligations. The placement of the ratings under review with direction uncertain on December 27, 2013 was prompted by a lack of sufficient financial information, which we have since received for fiscal 2012. The bonds are secured by the township's general obligation, unlimited tax pledge.
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