Town of Hingham Achieves Highest Credit Rating During Challenging Time

By Carol Meyer

I don't usually write about financial topics -- I'm no finance wiz by any means -- so this will be an exception.

Hats off to Hingham's financial management team for maintaining the town's AAA bond rating -- the highest credit rating possible from the three major credit-rating agencies -- during this budget-busting COVID-19 economic downturn.

All three rating agencies cited the town’s conservative budgeting practices, prudent fiscal management, healthy reserve (rainy day) fund, and large tax base in their decision to reaffirm Hingham’s AAA rating.  

"This is very big news. Hingham is one of a few Massachusetts communities with a AAA bond rating from each of the three rating agencies," Selectmen Chair Mary Power said recently.  "To receive these ratings in the midst of a global pandemic is particularly gratifying."

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