Danvers Bond Rating Upgraded to AAA by S&P Global

DANVERS — Danvers' municipal finances got a lift this week after S&P Global Ratings upgraded the town's general obligation bond rating to AAA from AA+, in a ratings action dated Aug. 8. The upgrade places Danvers among the highest-rated communities in Massachusetts and could translate into lower borrowing costs on future town debt.

ELSEWHERE IN THE NEWS

"Danvers, MA GO Debt Upgraded To 'AAA' From 'AA+'": S&P Global Ratings moved the town's bond rating up a notch, a signal of strengthening municipal finances that typically helps a community borrow more cheaply for future projects, according to S&P Global Ratings (read it at https://www.spglobal.com/ratings/en/regulatory/article/-/view/sourceId/11087321).

"Severe thunderstorm warning issued for parts of Massachusetts": A severe thunderstorm warning covering Beverly, Gloucester and Danvers was in effect Saturday evening, Aug. 8, with forecasters cautioning of possible wind damage to trees and power lines, per Boston 25 News (read it at https://www.boston25news.com/news/local/severe-thunderstorm-warning-issued-parts-massachusetts/UAJKN6SB7JD3RNAZGTLDCSZSIE/).

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.