Bond ratings: Making the grade in money

Metrowest Daily News 3/7/09: Bond ratings: Making the grade in money. In MetroWest and the Milford area, Natick, Sudbury, Wayland, Wellesley and Weston have the highest ratings from Moody’s and Standard and Poor’s. Medway’s, at Baa1, is the lowest. In between are a mix of towns at AA or A. Calculating exactly how much money a town saves because of a higher rating is difficult. However, all details being equal between two towns issuing bonds, the one with the higher rating should receive the lower interest rate. Over the span of 20 years, that can lead to substantial savings.

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