S&P Global Ratings has assigned its ’AA’ long-term rating to Westerly, affirmed its ’AA’ rating on the Town’s existing general obligation (GO) debt, and noted the Town’s outlook is stable.

The rating is based on the Town’s very strong economy, strong management, good financial policies and practices, adequate budgetary performance and flexibility, very strong liquidity, strong debt and contingent liability position, and strong institutional framework score.