Mayor Katjana Ballantyne is proud to announce that for the third year in a row, the City of Somerville has received the highest possible long-term debt rating of 'AAA' from S&P Global Ratings. This rating reaffirms the City’s financial strength and ensures lower borrowing costs for critical infrastructure investments that benefit residents.
“Securing a AAA bond rating for the third consecutive year is a powerful affirmation of Somerville’s financial management and our commitment to responsible, forward-thinking investments,” said Mayor Ballantyne. “This rating isn’t just about strong numbers, it’s about delivering real benefits to our residents, ensuring we can invest in schools, roads, affordable housing, and climate resilience for less, which stretches our taxpayer dollars further. I want to thank Finance Director Ed Bean and our dedicated public servants for their steadfast commitment to working with my administration to keep Somerville on solid financial ground.”
