Financial Policies & Documents

State and local governments often engage one or more credit rating agencies with respect to the issuance of debt.  A rating reflects the independent opinion of a particular agency on the credit worthiness of the issuer to make timely payments of principal and interest on the debt.   If engaged, a credit rating agency will assign its rating to a particular debt issue and also to all the outstanding debt issued under the same security or credit pledge.  The Town of Danvers currently maintains a AAA rating from S&P Global Ratings.

Related Documents