BOSTON (Standard&Poor's) March 9, 2011--Standard&Poor's Ratings Services has raised its ratings on Northbridge, Mass.' general obligation (GO) bonds to 'A+' from 'A-'. The outlook is stable. The upgrade reflects Standard&Poor's view of the town's: Strong wealth and income measures, Improved financial position and strong reserve levels, and Low overall net debt burden. "We expect that the town will likely maintain its structural balance over the next two fiscal years, thereby preserving current reserve levels," said Standard&Poor's credit analyst Victor Medeiros. Northbridge serves an estimated population of 14,727 in Worcester County and is located 40 miles west of Boston and 15 miles southeast of Worcester, Mass. RELATED CRITERIA AND RESEARCH USPF Criteria: GO
