"The highest quality AAA rating reflects the county's sizeable and diverse tax base, which is expected to remain relatively stable over the near-term, and high wealth levels," Moody's report stated. "The rating also considers the county's modest debt position and sound financial position that benefits from forward-looking management practices." "European debt worries and the U.S. low jobs report are contributing factors in keeping the 10-year treasury yield low," said Freeholder Robert Zaborowski, county finance liaison. "The county's triple-A rating on these bonds from Moody's, along with the 10-year treasury yield being at 1.63 percent the day of our sale, both helped make it a good day to sell bonds." The bond sale totaled $7,100,000 and netted a true-interest cost of 2.33 percent. The successful bidder was Janney Montgomery Scott, LLC, of Philadelphia, Pa.