AAA, AA1 = Fiscally Sound
Posted by jimmjr on September 25, 2007
Fiscally Sound. That is what the Standard & Poor’s AAA bond rating, (its highest) is saying to investors and the citizens of Barnstable.
More good news, right on the heals of the S&P announcement. Moody’s Investment House announced that it has upped Barnstable’s rating by 2 points. This Aa1 rating is their 2nd highest rating. Only 7 other communities in MA are rated Aa1 by Moody’s.
Precinct 3 Town Councilor Jim Munafo, Jr. had this to say “Wow, just thinking about it brings a smile to my lips: a Standard & Poor’s AAA bond rating. To know of the effort that it has taken, to bring what was thought to be unattainable about. Thanks go out to John Klimm, Mark Milne and the Finance Department, the School Committee and the School Department, and the Town Council; we have worked together to bring this sign of excellence to Barnstable, and I am so pleased that we were able to do this on your behalf, never mind the years of cost savings that goes along with it.”
Barnstable is a good investment!
This entry was posted on September 25, 2007 at 6:00 pm and is filed under Moody’s, Standard Poors, aa1, aaa, barnstable, barnstable town council, bond rating, hyannis, james munafo, james munafo jr, jim munafo, munafo, precinct 3, town of barnstable. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
