The 'SP-1+' rating on Hopkinton, Mass.' BANs reflects the town's: Demonstrated market access through prior bond sales, and General creditworthiness ('AA'). The BANs are secured by the full faith and credit of the town. Proceeds will be used towards the construction of a new senior center and for various departments of public works needs. Credit characteristics that support the town's 'AA' long-term rating include: A diverse and growing local economic base, complementing its access to the strong Boston MSA economy; Strong financial policies and considerable recent growth in reserves; Favorable debt position; and Above-average wealth and income indicators and rising property values. Hopkinton, with a population of 13,346, is 26 miles west of Boston, near the intersection of Interstate 495
