Town of Sudbury maintains ‘AAA’ long-term credit rating
On January 17, 2024, Standard & Poor’s Rating Services assigned its ‘AAA’ long-term rating, and stable outlook to Sudbury’s general obligation debt and affirmed its ‘AAA’ long-term rating on the town’s existing general obligation debt. ‘AAA’ is the highest rating available.
Maintaining the highest credit rating possible gives Sudbury a strong position in the municipal bond market. This translates into the Town having ready access to required capital at very favorable interest rates; saving tens or even hundreds of thousands of dollars in interest expense over the life of each bond issue.
For more details, please click below for the S&P Global Ratings Summary:
Town of Sudbury Credit Rating 01-2024