2024-02-26 SB Packet - Released - Laserfiche WebLink

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LEGAL SECURITY The bonds are backed by the town's full faith and credit general obligation limited tax pledge. Moody's considers the pledge as limited tax because not all of the debt service has been voted by the town as excluded from the tax levy limit of Proposition 21/2. USE OF PROCEEDS The bonds will permanently finance a variety of infrastructure projects including water and sewer,streetscape,and building improvements. PROFI LE Located in Middlesex County,the Town of Lexington is a wealthy suburb 11 miles northwest of the City of Boston(Aaa stable).The town has an estimated population of 34,221. METHODOLOGY The principal methodology used in this rating was US Cities and Counties Methodology published in November 2022 and available at https://ratings.moodys.com/rmc�locuments/386953.Altematively, please see the Rating Methodologies page on https://ratings.moodys.com for a copy of this methodology. REGULATORY DISCLOSURES For further specification of Moody's key rating assumptions and sensitivity analysis,see the sections Methodology Assumptions and Sensitivity to Assumptions in the disclosure form. Moody's Rating Symbols and Definitions can be found on https://ratings.moodys.com/rating-definitions. For ratings issued on a program,series,category/class of debt or secunty this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series, category/class of debt,security or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider,this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings,this announcement provides certain regulatory disclosures in relation to the provisional rating assigned,and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have a�ected the rating. For further information please see the issuer/deal page for the respective issuer on https://ratings.moodys.com. Regulatory disclosures contained in this press release apply to the credit rating and, if applicable,the related rating outlook or rating review.