Littleton Bond Rating Report (Standard & Poor's)

Littleton Bond Rating Report

Read the full Littleton Bond Rating Report from April 2023.

Littleton's Bond Rating (Standard and Poor's - latest report April 2023) is:

  • Long Term Rating - AAA
  • Outlook - Stable
  • Short Term Rating - SP1+

S&P Affirms Town of Littleton's Bond Rating of AAA

Standard and Poor's has affirmed the Town of Littleton's bond rating of AAA, its highest rating. S&P defines its AAA rating as "Extremely strong capacity to meet financial commitments. Highest Rating." The rating reflects S&P's assessment of the following factors for the town:

  • Very strong economy - "Very high wealth and income metrics with ongoing tax base growth"
  • Very strong management, "Well-embedded financial management policies and practices, with a focus on long-term sustainability and a strong institutional framework score"
  • Strong budgetary performance - "... we expect the Town will maintain its strong performance as well as strong reserves, despite rising fixed costs in the medium term ...."
  • Very strong budgetary flexibility - "Management has demonstrated its willingness to adjust budgetary assumptions to ensure balanced financial results at year-end"
  • Very strong liquidity - "We have assessed the town's market risk as low, due to Littleton's strong market access, information availability, and takeout authorization"
  • Very strong debt and contingent liability profile - "Potentially rising fixed costs, but with a clear commitment to addressing unfunded retirement liabilities ..."