By: Richard L. Smith
There are moments when numbers tell a much bigger story, and this is one of them.
The Township of Bloomfield has earned a MIG1 rating from Moody’s Investors Service, the highest possible short-term credit designation, for its $16.2 million bond anticipation notes for 2026. 
Moody’s also affirmed the township’s A1 long-term issuer rating, reinforcing confidence in Bloomfield’s financial stability and long-term direction.
For many, that may sound like technical financial language. But for me, it feels personal.
I began my professional broadcasting career at Foley Field back in the mid-1990s.
Those early days covering local games and community events helped shape my path in media for Orechio Broadcasting Company (OBC-TV) Nutley.
Not long after, I launched my teaching career at Bloomfield High School, serving as a permanent substitute for a year, an experience that jumpstarted my journey in education and deepened my connection to New Jerseys’ families and students in neighboring Newark for 25 years.
For nearly a decade, I also called Belleville Avenue home. Bloomfield wasn’t just where I worked, it was where I built memories.
The pride, the diversity, the sense of community — it’s something you carry with you long after you leave.
This latest rating reflects more than numbers on a financial report. A MIG1 designation represents the lowest level of short-term credit risk, allowing Bloomfield to borrow at more favorable interest rates.
That translates into reduced costs for taxpayers and stronger flexibility to invest in critical infrastructure projects such as water system improvements and other capital upgrades.
Mayor Jenny Mundell said in a statement released by township officials that the rating reflects a disciplined approach to financial management amid national economic challenges.
“Municipalities across the country have faced significant financial headwinds, and Bloomfield has been no exception,” Mayor Mundell said.
“From day one, our administration has focused on improving oversight, controlling costs, and making strategic decisions to better position the Township for the future.”
Moody’s cited Bloomfield’s strong local economy, ongoing redevelopment, and proximity to major employment centers as key strengths supporting the rating, along with the township’s efforts to maintain operational stability and reserves.
Strong credit ratings may not always spark loud celebrations, but they matter deeply.
They speak to thoughtful leadership, responsible stewardship, and a commitment to protecting taxpayers while planning for growth.
As someone whose professional roots and personal story are tied to this township, this milestone means something special.
Bloomfield has always invested in its people. Now, the financial world is recognizing that it’s investing wisely in its future, too.