{"id":450,"date":"2024-02-14T16:05:50","date_gmt":"2024-02-14T21:05:50","guid":{"rendered":"https:\/\/sudbury.ma.us\/finance\/?p=450"},"modified":"2024-02-14T16:05:50","modified_gmt":"2024-02-14T21:05:50","slug":"town-of-sudbury-maintains-aaa-long-term-credit-rating-2024","status":"public-archive","type":"post","link":"https:\/\/sudbury.ma.us\/finance\/2024\/02\/14\/town-of-sudbury-maintains-aaa-long-term-credit-rating-2024\/","title":{"rendered":"Town of Sudbury maintains &#8216;AAA&#8217; long-term credit rating"},"content":{"rendered":"<p style=\"margin-bottom: 7.5pt\"><span style=\"color: #000000\"><span style=\"font-size: 12pt;font-family: 'Segoe UI', sans-serif\">On January 17, 2024, Standard &amp; Poor\u2019s Rating <\/span><span style=\"font-size: 12.0pt;font-family: 'Segoe UI',sans-serif\">Services assigned its \u2018AAA\u2019 long-term rating, and stable outlook to Sudbury\u2019s general obligation&nbsp;debt and affirmed its \u2018AAA\u2019 long-term rating on the town\u2019s existing general obligation&nbsp;debt.&nbsp;\u2018AAA\u2019 is the highest rating available. <\/span><\/span><\/p>\n<p style=\"margin-bottom: 7.5pt\"><span style=\"color: #000000\"><span style=\"font-size: 12pt;font-family: 'Segoe UI', sans-serif\">Maintaining the highest credit rating possible gives Sudbury a strong position in the municipal bond market.&nbsp; This translates into the Town having ready access to required capital at very favorable interest rates; saving tens or even hundreds of thousands <\/span><span style=\"font-size: 12pt;font-family: 'Segoe UI', sans-serif\">of dollars <\/span><span style=\"font-size: 12pt;font-family: 'Segoe UI', sans-serif\">in interest expense over the life of each bond issue.<\/span><\/span><\/p>\n<p style=\"margin-bottom: 7.5pt\"><span style=\"font-size: 12pt;font-family: 'Segoe UI', sans-serif;color: #000000\">For more details, please click below for the S&amp;P Global Ratings Summary:<\/span><\/p>\n<p style=\"margin-bottom: 7.5pt\"><span style=\"color: #0000ff\"><a style=\"color: #0000ff\" href=\"https:\/\/sudbury.ma.us\/finance\/wp-content\/uploads\/sites\/292\/2024\/02\/SP-Report-Sudbury-Massachusetts.pdf?version=d4d402de625f67b4c29447d6161f98cb\"><u><span style=\"font-size: 12pt;font-family: 'Segoe UI', sans-serif\">Town of Sudbury Credit Rating 01-2024<\/span><\/u><\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 17, 2024, Standard &amp; Poor\u2019s Rating Services assigned its \u2018AAA\u2019 long-term rating, and stable outlook to Sudbury\u2019s general obligation\u00a0debt and affirmed its \u2018AAA\u2019 long-term rating on the town\u2019s existing general obligation\u00a0debt.\u00a0\u2018AAA\u2019 is the highest rating available. <a href=\"https:\/\/sudbury.ma.us\/finance\/2024\/02\/14\/town-of-sudbury-maintains-aaa-long-term-credit-rating-2024\/\" aria-label=\"Read full article about Town of Sudbury maintains &#8216;AAA&#8217; long-term credit rating\">Read full article<span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":81,"featured_media":385,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1,6],"tags":[],"_links":{"self":[{"href":"https:\/\/sudbury.ma.us\/finance\/wp-json\/wp\/v2\/posts\/450"}],"collection":[{"href":"https:\/\/sudbury.ma.us\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudbury.ma.us\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudbury.ma.us\/finance\/wp-json\/wp\/v2\/users\/81"}],"replies":[{"embeddable":true,"href":"https:\/\/sudbury.ma.us\/finance\/wp-json\/wp\/v2\/comments?post=450"}],"version-history":[{"count":1,"href":"https:\/\/sudbury.ma.us\/finance\/wp-json\/wp\/v2\/posts\/450\/revisions"}],"predecessor-version":[{"id":452,"href":"https:\/\/sudbury.ma.us\/finance\/wp-json\/wp\/v2\/posts\/450\/revisions\/452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sudbury.ma.us\/finance\/wp-json\/wp\/v2\/media\/385"}],"wp:attachment":[{"href":"https:\/\/sudbury.ma.us\/finance\/wp-json\/wp\/v2\/media?parent=450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudbury.ma.us\/finance\/wp-json\/wp\/v2\/categories?post=450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudbury.ma.us\/finance\/wp-json\/wp\/v2\/tags?post=450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}