Town of Sudbury maintains ‘AAA’ long-term credit rating

Published on Thursday, 12/1/2011 11:28 am | by Finance Department | Automatically Archived on 12/31/2011

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On November 29, 2011  Standard & Poor’s Rating services assigned its ‘AAA’ long-term rating, and stable outlook to Sudbury’s general obligation (GO) and affirmed its ‘AAA’ long-term rating on the town’s existing GO parity debt. 

Town of Sudbury Credit Rating 11-2011

On December 6, 2011  The Town of Sudbury will sell long-term debt to finance the recently completed Noyes Elementary School Green Repair project.  Maintaining the highest credit rating possible gives Sudbury a strong position in the municipal bond market.  This translates into the Town always having ready access to required capital at very favorable interest rates; saving tens or even hundreds of thousands in interest expense over the life of each bond issue.

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