Community Corner

Melrose Again Earns AA+ Bond Rating from Standard and Poor's

The Standard & Poor's report is an independent evaluation of all aspects of municipalities

Standard & Poor’s has once again assigned its AA+ long term bond rating to the City of Melrose for 2015. It remains the highest rating in the City’s history.

The Standard & Poor’s report is an independent evaluation of all aspects of municipalities, including municipal practices, spending, long term debt, private investment, approved contracts in terms of liability and planning, and future outlooks and trends.

The long term rating reflects the assessment of the following factors for Melrose:

Find out what's happening in Melrosefor free with the latest updates from Patch.

  • Very strong economy
  • Strong management
  • Strong budgetary performance
  • Very strong liquidity
  • Strong institutional frameworks
  • There is a strong focus on capital planning

Melrose’s overall net debt is low at 1.6 percent of market value. 66.2 percent of the direct debt for the City of Melrose is scheduled to be repaid within 10 years, according to the report.


Find out what's happening in Melrosefor free with the latest updates from Patch.

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.