Standard and Poor’s has issued its “AAA” rating to the town of Raymond. The rating report cites the town’s strong financial condition coupled with strong management policies as leading factors in achieving its highest rating category.

According to a press release, “S&P considers Raymond’s economy to be strong with access to the broad and diverse economy of the Greater Portland region. Raymond is led by a strong management team backed with prudent fiscal policies. Very strong budgetary performance and low debt levels are also considered to be very positive attributes of Raymond.”

S&P also reflected in their report that Raymond has healthy reserve levels; very strong tax collections; high income levels and very strong per-capita market value of real estate.

Raymond, together with the towns of Falmouth and Kennebunk, are the only AAA communities in Maine rated by Standard and Poor’s.

This AAA credit rating applies to its upcoming sale of $2,000,000 in General Obligation bonds. This is Raymond’s first credit rating, as it had previously issued its bonds through the Maine Municipal Bond Bank. The bonds will pay for town road reconstruction and rehabilitation projects.