Wayland Town Crier 2/18/10: Town receives perfect credit rating from Moody's Investors Service. Despite the crippled economy, the town of Wayland received a perfect credit rating from Moody’s Investor Service late last month. Moody’s Investors Service conducts research and analysis of commercial and government finances, and assesses the credit worthiness of borrowers. The rating indicates "the continuing confidence of independent evaluators of the town’s fiscal condition, management and long-term financial planning," said Town Administrator Fred Turkington. He said the purpose of the rating process is to give investors a comfort level when they are purchasing bonds. According to the Moody’s report, the town’s rating is based on a number of factors including "substantial wealth levels that greatly exceed commonwealth medians," and a healthy financial position. The town has also "demonstrated strong voter support for operating overrides and has a modest debt burden that is expected to remain very manageable." "Wayland’s financial strength has improved significantly due to management’s conservative approach to budgeting revenues and managing expenditures," the report said.