Local News
Braselton’s water and sewer bond receives “A” rating
Braselton Councilman Tony Funari, Mayor Bill Orr, Town Manager Jennifer Dees, DCA Commissioner Camila Knowles and Planning Director Kevin Keller accepting PlanFirst designation. Photo courtesy of City of Braselton
According to the latest Standard and Poor’s Global rating, Braselton’s water and sewer revenue bonds received a high rating. The financial research and analysis organization affirmed its ‘A’ long-term and underlying rating. According to the S&P report, “The outlook is stable. The rating reflects our opinion of the combination of a very strong enterprise risk profile and adequate financial risk profile.”
The S&P is one of three major rating agencies that evaluate thousands of issuers and their municipal bonds. The objective of the rating agency is to assign a municipal bond a credit rating to make it faster for investors to evaluate risk.
Although a “AAA” is the highest rating, the single-A rating represents strong creditworthiness.
