BOSTON (Standard&Poor's) June 4, 2010--Standard&Poor's Ratings Services has assigned its 'A+' long-term rating to the Town of Southbridge, Mass.' $6.5 million 2010 general obligation (GO) road construction bonds. The outlook is stable. In Standard&Poor's opinion, the rating reflects the town's: Manufacturing-based local economy with additional employment opportunities in the city of Worcester (A-/Stable); Adequate income and above-average unemployment levels; Currently strong financial reserve position; and Low debt burden. "We expect that officials will continue to make adjustments to align recurring revenues and expenditures and achieve structural balance, allowing the town to maintain a healthy financial reserve position consistent with stated targets," said Standard&Poor's credit analyst. The stable outlook reflects the town's low
