Concord Bonds Rated Aaa by Moody's

CONCORD, MA—Concord's General Obligation Debt has once again been given a rating of Aaa by Moody's Investors Service.

The service released its report regarding Concord's $9.95 million general obligation debt sale scheduled for May 11. A portion of the proceeds from the sale will go to numerous town projects, including the road improvements from the 2015 road program, Concord Public Schools building renovations, the construction of the school transportation facility among other projects.

The report indicates that Concord's wealthy tax base, history of voter support, stable financial operations and conservative budget management and planning were reasons for the rating.

Challenges reported were limited operating flexibility under Proposition 2 1/2, as well as recent increases in assessments from education expenses.