Local News
Braselton’s water and sewer bond receives “A” rating
S&P reaffirms Braselton’s water and sewere revenue bond “A” rating. Courtesy of Town 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.
