Moody’s Investor Service has just released its credit ranking for the Town of Thompson. The Town has received an Aa3 credit rating, which is in the top tier of financial ratings. This Aa3 rating ensures that the Town receives lower interest rates when issuing bonds or financing purchases, thereby saving the Town – and its taxpayers – thousands of dollars in interest.
Additionally, the Moody’s Aa3 rating is appealing to potential investors and businesses looking to move to Thompson. This top rating underscores the fact that Thompson is a stable, financially strong, and well-managed Town.
“We are pleased that Moody’s has affirmed out top tier Aa3 financial rating for bond financing. Thompson is growing its $1.55 billion tax base, while maintaining solid reserves, liquidity, and a strong balance sheet. Our financial management strategy is calculated and conservative, which is in part why we received such a great credit rating. Most importantly, lower interest costs benefit our taxpayers. By protecting the Town’s bottom line, we’re looking out for the taxpayer’s bottom line as well,” said Town Supervisor Bill Rieber.
Moody’s has released their credit rating for the Town of Thompson to the national media as of Thursday, March 11th.