Moody's Investors Service has assigned a Aaa rating to the Town of Concord Massachusetts' $6.7 million General Obligation Municipal Purpose Loan of 2018 Bonds. Concurrently, we maintain the Aaa rating on the town's outstanding general obligation bonds.
The Aaa rating reflects a healthy financial position supported by strong reserves, an affluent tax base, below average debt burden, and well-managed pension and OPEB liabilities.
The stable outlook reflects our expectation that the town will continue to exercise sound fiscal management including multi-year forecasting and effective policies. The outlook also incorporates continuing voter support when needed to approved debt exclusions and general overrides to Proposition 2.5.
Please following the linked document for the full press release and further information about what the Aaa Bond Rating means for Concord.