Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to Needham, Mass.' series 2015 general obligation (GO) municipal purpose loan bonds. At the same time, Standard&Poor's assigned its 'SP-1+' short-term rating to Needham's series 2015 GO bond anticipation notes (BANs), payable on June 15, 2015. Finally, Standard&Poor's affirmed its 'AAA' long-term rating on the town's GO debt. The outlook is stable. The 'SP-1+' rating reflects our view of the town's strong ability to pay principal and interest when the notes come due. Needham's market risk profile is low, in our view, as it maintains strong legal authority to issue long-term debt to take out the BANs, and is a frequent issuer, providing regular disclosure to
