In Standard&Poor's Ratings Services' opinion, the 'A+' long-term rating assigned to the Town of Southbridge, Mass.' series 2010A, 2010B, and 2010C general obligation (GO) bonds reflects the town's: Manufacturing-based local economy with additional employment opportunities in the city of Worcester (A-/Stable); Adequate income and above-average unemployment levels; Currently strong financial reserve position; and Low debt burden. The rating on the town's 2010 GO road construction bonds has been withdrawn, because the bonds never sold. The town's full faith and credit pledge secures the bonds. Officials will use series A bond proceeds to finance the construction of a new road to serve the town landfill and for providing water delivery and wastewater collection and drainage improvements to the landfill.
