Southampton’s Rating Hike

The Town of Southampton earned the highest rating possible from Standard and Poor’s Rating Services on Tuesday, when it was upgraded from AA+ to AAA. Supervisor Anna Throne-Holst said the new rating was the result of fiscal discipline at Town Hall over the past four years.

According to a statement from S&P, the rating reflects the agency’s view of the town’s economy, management, budgetary flexibility, liquidity, budgetary performance, debt and contingent liabilities, and institutional framework, which were identified as being “strong” or “very strong.”