Town Maintains AAA Credit Rating

Published on Monday, 12/6/2010 1:45 pm | by Collector / Treasurer | Automatically Archived on 12/13/2010

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Standard & Poor Corporation of New York reaffirmed Sudbury's AAA credit rating.  The rating service also assigned its 'AAA' long-term rating to the Town's $2.30 Million in CPA bonds to be sold on the open market on December 1, 2010. 

Triple A is the highest credit rating possible for a community’s bonds, and reflects the continuing strength in the Town’s overall management and financial planning. The rating also recognizes the continued growth in the Town’s tax base, comfortable reserves and low debt burden.

For further information, contact Andrea Terkelsen, Finance Director, or Maureen Valente, Town Manager.

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