BOSTON (Standard&Poor's) Jan. 14, 2010--Standard&Poor's Ratings Services has raised its rating on the town of Kennebunk, Maine's general obligation (GO) debt to 'AA+' from 'AA', reflecting the town's consistently solid financial operations as well as Standard&Poor's updated criteria, which de-emphasizes size and location as a critical rating factor. The outlook is stable. At the same time, the rating service assigned its 'AA+' long-term rating to the town's $6.252 million GO bonds. The rating reflects Standard&Poor's view of the town's: Diverse local economy, with additional access to the greater Portland metropolitan statistical area (MSA); Sizable tax base, with strong wealth and income levels; Consistently strong financial position; and Low-to-moderate debt burden with limited
