Standard&Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to the town of Franklin, Mass.' GO refunding bonds. The rating reflects the town's: Above-average wealth and income levels; Advantageous location along the High-Tech Interstate 495 Corridor with accessibility by commuter rail to Boston, Mass; Consistently strong financial performance and position with more than 20% of 2003 operating expenses undesignated or set aside in a stabilization fund; and Moderate and manageable debt profile. The town's full faith and credit pledge secures the bonds. Franklin, with a population of about 30,000, is centrally located about 28 miles from New England's three largest cities: Boston; Worcester, Mass.; and Providence, R.I. Access to these employment centers has contributed to Franklin's population
