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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.

Groton Herald

Mailing Address
P.O. Box 610, Groton, Massachusetts 01450

145 Main Street, Groton, Massachusetts 014510
[Prescott Community Center]

Telephone: 978-448-6061

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