Bedford’s bond rating takes a hit
Debt burden cited as issue for town
A new high school, a renovated Town Hall and upgraded streets have given Bedford a facelift in recent years. But they may have also cost the town its standing with Moody’s Investor Services Inc., which downgraded Bedford’s bond rating last month. Moody’s knocked Bedford down a notch from its list of top-tier, AAA-rated Massachusetts towns to a Aa1, citing its significant borrowing, among other issues.