Ferguson Township has received an AAA Bond Credit Rating, the highest bond rating attainable, from Moody's Investment Service. The Bond Credit Rating represents the credit worthiness of corporate or government bonds and is used by investment professionals to assess the likelihood the debt will be repaid. Moody's Bond Ratings range from AAA all the way down to C. AAA means "an obligor has EXTREMELY STRONG capacity to meet its financial commitments". Think of the bond rating as the Township's credit score and will allow the Township to receive lower interest rates on bonds. Ferguson Township is the second in Pennsylvania to receive this esteemed rating.