Town Administrator Tom Mayo is pleased to share recent credit opinions issued by Moody’s Ratings and S&P Global Ratings. Each organization assigned the Town their highest possible ratings for the February 2026 debt issuances.
- Moody’s Ratings assigned its Aaa stable rating to the Town’s planned general obligation and refunding bonds, citing the Town’s strong financial position with healthy reserves and liquidity, large and affluent tax base, and conservative fiscal management policies.
- S&P Global Ratings assigned its AAA long-term rating to the planned general obligation and refunding bonds and SP-1+ rating to the short-term notes. The ratings reflects the Town’s consistently strong finances due to its affluent and stable property tax valuations and management’s strong, forward-looking budgeting.
“These “best in class” credit ratings reflect a high confidence in Hingham’s defined, documented, and collaborative approach to governance. Maintaining the stable credit outlook through a cycle of major capital investments is a testament to the strength of our Town’s financials.” said Select Board Chair Bill Ramsey.
In February, the Town of Hingham is issuing $23.5 million in long-term General Obligation Bonds and $43.8 million in short-term Bond Anticipatory Notes. The Town’s fixed income offerings were met with strong market demand during the bidding process at the end of January. According to Town Administrator Tom Mayo, “Hingham’s top rated credit ensured robust market access resulting in the lowest cost of capital to the benefit of our residents. The refunding bonds were particularly well received enabling the Town to generate almost $100,000 in annual debt service savings on the 2015 refunding bonds.”