Nashua Economy Red Hot: S & P

NASHUA, NH — Nashua credit rating was increased amid a "very strong" local economy fueled by large employers like BAE Systems and Southern New Hampshire Medical Center, officials announced last week.

The credit-rating agency Standard & Poor's raised the city's rating to AAA, up from AA+.

"We consider Nashua's economy very strong," S & P officials said in a statement. "In addition to the strong retail base, high technology and health care have recently emerged as major industries for the city."

The Nashua-Manchester corridor's market value increased to $9.2 billion in 2016, up 5.5 percent from 2015, according to S & P. Major development projects for Nashua this year include Renaissance Apartments and a new Prudential Overall Supply facility.

"This just goes to show that the citizens and can rest assured knowing that their taxpayer dollars are behind handled responsibly," Nashua Mayor Jim Donchess said in a statement.

Photo: Jon Platek/Creative Commons