Thursday, January 23, 2014

Standard & Poor's gives Franklin the best grade yet!

As initially reported during the Town Council meeting on Wednesday evening, Standard and Poor's Rating Services has given the Town of Franklin the highest rating yet: AA+

In summary they wrote:
The stable outlook reflects what we view as the town's very strong liquidity position and strong budgetary flexibility. In addition, we believe Franklin's very strong economy and access to the Boston Metrolpoitan Statistical Area (MSA) ledns stability to the town's tax base. Consequently, we do not expect to change the rating with the outlook's two-year time frame. While unlikely, if management is unable to maintain structural balance resulting in what we view as weak budgetary performance and flexibility, we could lower the rating.

Congratulations, Franklin!

Additional details from the live reporting at the Town Council meeting on Wednesday can be found here:

Franklin Municipal Building
Franklin Municipal Building

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