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Posted on: August 10, 2023

Milton's AAA Bond Rating Affirmed by S&P Global

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Town of Milton 

August 10, 2023


S&P Global Affirms Milton’s AAA Bond Rating and assigns its SP-1+ Rating


Milton, Massachusetts: Town Administrator Nicholas Milano & the Milton Select Board announced Tuesday that S&P Global Ratings has affirmed the Town of Milton’s outstanding AAA Bond Rating and assigned its ‘SP-1+’ rating to the Town for its anticipated $20.15M general obligation (GO) bond anticipation notes (BANs) in connection with the construction of the new Milton Fire Department Headquarters.

In issuing the ratings, S&P cited Milton’s fifth consecutive general fund surplus and its strong fund balances. Moreover, they cited:

  • “Track record of balanced-to-positive operations”
  • “Strong reserves”; and 
  • “Very strong liquidity”

The AAA Bond Rating is the highest bond rating that a municipality can obtain from S&P. Strong bond ratings help the Town secure favorable interest rates on borrowing and reflect positively on management practices.

The full report is available on the Town of Milton website: 




Colin F. Loiselle

Assistant Town Administrator | 617-898-4960

Read the full S&P Report
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