Politics & Government
Winchester Earns AAA Rating from Moody’s
Moody's ratings provide investors with a grade system which gauges the creditworthiness of borrowers.

Moody’s Investors Service has assigned an AAA rating to the town of Winchester’s $8.8 million General Obligation Municipal Purpose Loan of 2012 Bonds on April 30.
According to Moody’s Investor Service website, the rating reflects the town’s affluent, suburban Boston tax base, a sound financial position with strong reserve levels and a below average debt rating.
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The strengths of the town, listed on Moody’s, are a “wealthy tax base, favorably located outside Boston, sound financial position enhanced by strong reserve levels and conservative fiscal management.”
Moody’s highlights the challenges Winchester faces as “Historical reliance on free cash appropriations for operations, declining state aid revenue, continuing budget pressure from fixed costs.”
Find out what's happening in Winchesterfor free with the latest updates from Patch.
The possible listed causes for a declining rate could be “significant deterioration of available reserves, increase in debt burden without support of debt exclusions and significant decline in overall tax base and wealth level.”
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