From the Town Administrator:

Please find pasted below a link to the statement from Moody’s Investors Service regarding the Town’s credit rating.  The rating reflects the continuing confidence of independent evaluators of the Town’s fiscal condition, management, and long-term financial planning.

According to Moody’s:   “The Aaa rating is based on the town’s favorably located and wealthy tax base as well as a sound financial position with significant flexibility provided by voter support of Proposition 2 ½ operating overrides and debt exclusions. The rating also incorporates the town’s modest debt burden that is expected to remain very manageable despite future debt plans.Wayland’s financial strength has improved significantly due to management’s conservative approach to budgeting revenues and managing expenditures.”

The full report is available online here:   http://www.wayland.ma.us/accounting/Moody's%20Wayland%201-10%20Rating.pdf