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