The following press release was issued by the town of Holliston.
The town of Holliston's finance team announced this week that the town's bond rating was upgraded by Standard and Poor from AA- to AA+ for the town's general obligation bonds.
"The stable outlook reflects our opinion of the town's strong budgetary flexibility and performance, supported by good financial management polices. Moreover, Holliston's stable economy and diverse property tax base lends to stability," said the report.
Town officials say the rating upgrade "reflects significant strides in setting aside reserves, providing for long-term liabilities, addressing capital needs, and responsibly managing annual operating budgets.
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