Concord Assigned Aaa Bond Rating By Moody's

Concord MA

13 May, 2022

8:37 AM

Description

Press release from the Town of Concord: May 11, 2022 The Town of Concord is pleased to announce that the Town has once again been awarded a Aaa bond rating by Moody's Investor Service. Moody's has assigned the Town this rating stating that "the Aaa rating reflects a healthy financial position with strong fiscal management. The financial profile is stable although reserves are below-average for the rating category. The rating also incorporates a sizable and affluent tax base, below-average debt burden and well managed pension and OPEB liabilities." For more information regarding the bond rating and details on Concord's financial outlook, please see the press release from Moody's Investor Services. This press release was produced by the Town of Concord. The views expressed here are the author's own.