Standard&Poor's Ratings Services affirmed its 'AA' long-term rating, with a stable outlook, on Franklin, Mass.' outstanding general obligation (GO) bonds. The rating reflects our view of the town's: Good location along the high-tech Interstate 495 Corridor with access to Boston by commuter rail and other regional employment centers, Very strong household income and below-average unemployment, Good financial position despite recent declines in reserves, and Low debt burden with rapid amortization and limited additional capital needs. Franklin, with a population estimate of 31,780, is located about 28 miles from New England's largest cities: Boston; Worcester, Mass.; and Providence, R.I. Access to these employment centers has enhanced Franklin's desirability, boosting population growth and real estate values in the past decade.
