Bedford maintains highest credit rating from Moody’s
“The town is independently rated and is able to seek bids on the open market so we don’t have to go through the New Hampshire Municipal Bond Bank,” said Levine.
On June 13, the town closed on a $7,785,000 bond, the second portion of the $13.2 million infrastructure bond approved by Bedford voters in 2011 and the refinancing of the 1999 landfill closure bond that was originally borrowed at 4.48 percent. Refinancing the landfill bond yields Bedford taxpayers about $48,000 in present value savings, Levine said.
“The town of Bedford commends its Finance Department for Moody’s recognition of its professional and strategic leadership in the government finance community, and also recognizes its Planning Department and the business community for ensuring continued successful commercial development in the town of Bedford,” said Levine.
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