Town retains strong bond rating
GREAT BARRINGTON — Despite the economic uncertainty caused by the COVID-19 pandemic, the town of Great Barrington has maintained its 'AAA' bond rating from S&P, formerly Standard & Poor's, credit agency. AAA is the highest rating that is issued by the credit agency. When determining a bond rating, S&P considers the financial health of a municipality, as well as that of the local economy. This rating indicates that the town's capacity to meet its financial commitments is "extremely strong."
Great Barrington first earned a `AAA' rating from S&P in 2016, when it was upgraded from `AA+.' This rating effectively lowers the cost of borrowing to the benefit of all taxpayers. In its final report, S&P highlighted the town's "stable economy," "management's conservative budgeting practices," and "a number of formalized financial policies and practices" as reasons for their favorable outlook and analysis.
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