KBRA Assigns Long-Term Rating of AA and Stable Outlook to the Borough of Doylestown, PA General Obligation Notes, 2020 Series

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AA and Stable Outlook to the Borough of Doylestown, PA (“the Borough”) General Obligation Notes, 2020 Series. At the same time, KBRA affirms the long-term rating of AA and Stable Outlook on the Borough’s General Obligation Notes, 2013 Series.

This rating action is based on KBRA’s U.S. Local Government General Obligation Rating Methodology.

Issuer: Borough of Doylestown, PA
Assigned	Rating	Outlook
General Obligation Notes, 2020 Series	AA	Stable
Affirmed	Rating	Outlook
General Obligation Notes, 2013 Series	AA	Stable

A rating report will be forthcoming.

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KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.