Town Of Sudbury Maintains ‘AAA’ Long-Term Credit Rating

Press release from the Town of Sudbury:

January 6, 2021

On January 5, 2021, Standard & Poor’s Rating services assigned its ‘AAA’ long-term rating, and stable outlook to Sudbury’s general obligation (GO) and affirmed its ‘AAA’ long-term rating on the town’s existing GO parity debt.

Town of Sudbury Credit Rating 01-2021

Maintaining the highest credit rating possible gives Sudbury a strong position in the municipal bond market. This translates into the Town always having ready access to required capital at very favorable interest rates; saving tens or even hundreds of thousands in interest expense over the life of each bond issue.

This press release was produced by the Town of Sudbury. The views expressed here are the author’s own.