LITTLETON — Town Administrator Anthony Ansaldi is pleased to share that Standard & Poor’s Global Ratings has reaffirmed the Town of Littleton’s bond rating of AAA, the highest grade awarded by the respected rating service. The rating reflects several years of high-quality financial conditions and low credit risk, and extremely strong confidence that the town will be able to meet its future financial obligations.
The exemplary AAA grade will apply to bonds to be issued for general borrowing or for specific capital projects, and means that the Town can secure a lower interest rate, reducing the cost to taxpayers.
S&P applauded the Town’s financial position, including:
- A very strong local and regional economy
- A very strong local management team that follows sound financial policies and practices
- A strong budget performance
- Very strong budget flexibility
- Very strong liquidity
S&P also lauded the Town’s financial team for its proactive approach to funding pension and other post-employment benefits, creating the potential of fully funding those costs ahead of schedule.
“Thank you to Standard & Poor’s Global Ratings for recognizing that our financial team has worked diligently in the past few years to place the Town in this strong position,” Administrator Ansaldi said. “The result of that hard work will benefit Littleton taxpayers for years to come.”