Templeton Receives A1 Rating from Moody’s Investor Services

Capping a series of positive improvements in the Town of Templeton’s financial management and status, the Town has received yet another positive recognition on the turnaround of its finances when Moody’s Investors Services, the major rating service for municipal general obligation bonds, gave the Town a rating of A1 on its upcoming issue of $12.250M. This rating is described by Moody’s as being “… judged to be upper-medium grade and are subject to low credit risk.”

Action on this General Obligations Bond – the first of two expected to finance the new Templeton Center Elementary School and expansion and renovation of the police station is expected to be taken by the SelectBoard at their business meeting of February 13th. The Town is expected to receive its FY ’18 audit report at the same meeting from the Town’s audit firm, Roselli and Clark.