The rating upgrade on Hopkinton, Mass.' bonds is due to: A relatively diverse and growing economic base, complimenting access to the strong Boston metropolitan economy; Consistently favorable financial operations; A favorable debt position; and Above-average wealth and income levels and rising property values. Slightly offsetting these factors are higher, but still manageable, debt service charges. The bonds are secured by the town's full faith pledge. Hopkinton's close proximity to Boston (26 miles west), its location near two key interstate highways, and its own developing industrial and commercial base bodes well for credit quality. The town's central location along Interstate 495 and the Massachusetts Turnpike provides residents easy access to a number of employment centers, including Boston and suburban high-technology corridors.
