Standard & Poor’s said it raised its long-term rating and underlying rating on Acton, Mass.’ general obligation debt one notch to AAA from AA-plus based on the town’s strong economic indicators, demonstrated record of making the needed budgetary adjustments to yield consistent operating results, and very low debt burden. The outlook is stable.
In addition, the agency assigned its SP-1-plus short-term rating to Acton’s $2.14 million of GO bond anticipation notes. The rating action affects $45.6 million of outstanding debt.
