Watertown, Mass.' GO bonds have been rated 'AA'. The town's BANs have been rated 'SP-1+'. The ratings reflect the town's: Good location, providing local residents with easy access to all of the Boston MSA's employment centers; High wealth and income levels; Strong, primarily residential property tax base growth; and Low-to-moderate debt burden. The town's full faith and credit pledge secures the bonds and notes. Proceeds from the bonds will be used for various municipal purposes. The BANs are being renewed with expectation of being financed through general revenues in fiscal 2007. Watertown, with a population of 32,986, is a fully developed suburban community bordering Boston, Mass. The town's location is desirable; located just six miles from downtown Boston, Watertown's access
