S&P raises Groton, Mass. GO rating to 'AA+'

April 4 Thu Apr 4, 2013 10:41am EDT

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April 4 (Reuters) - Standard & Poor's Ratings Services on Thursday raised the Town of Groton, Mass. underlying general obligation debt rating to AA-plus from AA. The outlook is stable.

The upgrade is the result of Groton's strong, sustainable financial policies and practices, said S&P.

S&P also assigned its AA-plus long-term rating to the town's 2013 general obligation fire station bonds, with a stable rating outlook.

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