S+P Upgrades Town Bond Rating to AA+

Town Manager Mark Haddad announced that the bond rating for Groton has been upgraded by Standards and Poor to AA+. The town's finance team, Haddad, along with Finance Director Valerie Jenkins, Assessor Rena Swezey, Temporary Treasurer/Tax Collector Joan Tallent and Town Accountant Patricia Dufresne and Haddad spent more than two and a half hours with representatives from S&P in preparation for a rating that will positively affect the bond for the new Center Fire Station.

This is the third rating increase - from A1 to AA to now AA+ - in the last four years. Haddad attributed this to the solid policies that are in place and the leadership of the finance team.