Belmont’s ‘Triple A’ Worth Millions In School Bonding Market

Photo: Selectman Mark Paolillo signing the 30-year bond note. Some may ask what’s the big deal if Belmont is a double or triple A? “Is there any real difference by having an added A to your name?” referring to the agencies which assign credit ratings for issuers of debt obligations, or bonds. In Belmont’s case, that […]

Triple ‘A’ Play: Belmont Again Receives Highest Credit Rating

Photo: Town Treasurer Floyd Carman On April 14, Belmont once again received the coveted Triple A (Aaa) credit rating from Moody’s Investors Service. Belmont joins some select company, being one of only 14 Bay State municipalities (out of approximately 350 communities) with a triple-A ranking, including Bedford, Boston, Cambridge, Lexington, Wayland and Winchester. The reason Belmont continues – now […]