Acton's Top Credit Rating Reaffirmed

Acton MA

26 February, 2021

11:41 AM

Description

ACTON, MA — Acton's AAA bond rating was reaffirmed this year by Standard & Poor's Global Ratings. The rating reflects the town's consistent combination of high-quality financial conditions and very low credit risk, and extremely strong confidence that the town will meet its financial obligations. The AAA grade will apply to bonds to be issued for general borrowing, and for bonds to be issued for a recent purchase of land for recreation and preservation and for design and construction of the new North Acton Fire Station. The exemplary AAA rating means that the town can secure a lower interest rate on bonds, reducing the cost to taxpayers. "The town and the Finance Department have worked extremely hard during a very challenging year," Town Manager Mangiaratti said. "We are pleased that our commercial and residential taxpayers will continue to benefit from that work."