Standard and Poor's Upgrades Winchendon's Bond Rating

Bond rating agency Standard and Poor's recently reviewed the results of Fiscal Years 2015, 2016 and 2017 to date.  The improvements to the town's financial condition triggered Standard and Poor's to upgrade Winchendon's bond rating two steps from an A- to A+.  The upgrade is based on improvements in the Town's available fund balance levels as a result of recently strong operating performance as well as state approved issuance of deficit financing to eliminate the town's negative fund balance position. 

Attached is Standard and Poor's analysis to support the bond rating upgrade.