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The original item was published from 5/24/2013 12:40:30 PM to 7/1/2013 12:05:02 AM.

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Kennebunk News & Events

Posted on: May 24, 2013

[ARCHIVED] Town of Kennebunk Receives AAA Bond Rating - Highest Rating Possible from Standard & Poor's

On 5/23/13, Standard & Poor’s announced that the Town of Kennebunk received the highest rating from Standard & Poor's Rating Services.

Standard & Poor's issued its highest rating of "AAA" reflecting an unbiased assessment of the credit worthiness of debt obligation in the public financial market.

"We are proud to be the only Town in Maine, and just one of 213 localities in the Country to receive AAA stable rating from Standard & Poor's” said Town Manager Barry A. Tibbetts. “We have a great management and financial team, which is an incredible asset for the community. The big win from this AAA rating allows the Town to borrow money at a lower interest rate, which in turn saves taxpayers’ money on much needed capital improvements."

Read the full Press Release
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