Government
City of Watertown Maintains Highest Bond Rating for 2025 Municipal Bonds
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The City of Watertown maintained its high bond rating by S&P Global Ratings for the 2025 general obligation bonds. Watertown will have more than $56 million in general obligation loans that will be used for capital projects, including the construction of the new Watertown High School. City officials received a letter from S&P dated May 16, 2025 informing them of the AAA bond rating for the $56.83 million series 2025 general obligation municipal-purpose loan bonds. Projects to be funded with the bonds include high school improvements, street reconstruction, middle school HVAC replacement, sewer system improvements, and vehicle and equipment replacement. The letter reads: “The stable outlook reflects our expectation that Watertown will continue to produce surplus operating results and growing reserves, given stable revenues supported primarily by property taxes and a forward-looking management team.”