Moody's Upgrades Acton's Credit Outlook to Stable

Moody’s Investors Service announced that it has revised Acton’s rating outlook from negative to stable.

In a press release, Moody’s said it has completed outlook assessments of five AAA-rated states and 161 AAA local governments previously identified as “indirectly linked to the U.S. Government,” affecting a combined $69 billion of debt.

Moody's had assigned negative outlook ratings on Aug. 4, during the summer’s debt ceiling crisis. At that time, Acton was among 12 cities or towns put on a watch list by Moody's, which also included Bedford, Belmont, Brookline, Concord, Dover, Hingham, Lexington, Newton, Wayland, Wellesley and Weston.

Of that group, other nearby towns to have their ratings upgraded include Concord, Lexington, Wayland, Wellesley and Weston.