Highest bond rating in 20 years
Daily Hampshire Gazette: Easthampton’s bond rating upgraded, highest in 20 years
Standard and Poor’s Global Ratings recently raised the city’s long-term bond rating from AA to AA+, the highest bond rating for Easthampton in 20 years. …
… “This is wonderful news for our current and future financial strength as a city,” Easthampton Mayor Nicole LaChapelle said in a statement. “We have earned this AA+ rating by improving our budget process and fiscal and management policies.”
The Standard and Poor’s rating report cited new, stronger financial management policies and practices that have increased reserve levels.