Good news from today’s Metrowest Daily News:
Despite concerns over a possible downgrade, a recent evaluation has maintained Southborough’s long-term bond rating, which will save the town a lot of money when it refinances school debt.
Finance Director Brian Ballantine said yesterday that he is very pleased that Standard & Poor’s maintained the town’s AA+ bond rating — a rating towns receive from one of three national credit rating agencies that affects interest rates on loans.
“It’s good news because it saves the town money” and is an indicator of financial strength, Ballantine said.
Read the full article here.