S&P Global Ratings assigned its 'SP-1+' short-term rating to the Town of Hopkinton , Mass.' approximately $81.0 million general obligation (GO) bond anticipation notes (BANs). At the same time, S&P Global Ratings assigned its 'AAA' long-term rating to Hopkinton's approximately $9.4 million GO municipal purpose loan of 2025 bonds. S&P Global Ratings also affirmed its 'AAA' long-term rating on the town's existing GO bonds as well as its 'SP-1+' short-term rating on the town's outstanding BANs. The outlook on the long-term rating is stable. The rating reflects the application of our criteria, " Methodology For Rating U.S. Governments ," published Sept. 9, 2024, on RatingsDirect. Hopkinton's full-faith-and-credit GO pledge secures the BANs and bonds, subject to Proposition 2 1/2 limitations.
