Standard and Poor’s Global Ratings has reaffirmed Braselton’s water and sewer revenue bonds with an ‘A’ rating.
Credit analyst John Schultz wrote, “The positive outlook reflects growing all-in debt service coverage and unrestricted liquidity. The rating further reflects our opinion of the combination of a very strong enterprise risk profile and adequate financial risk profile.” Standard and Poor’s Global Ratings, based in New York, has provided high-quality market intelligence in credit ratings, research and thought leadership for more than 150 years.
The report provided to Braselton highlights a “diverse customer base, very low industry risk, track record of account increases, and good operational management policies and practices.” It also notes a 70 percent debt-to-capitalization ratio.
The town-owned water and sewer system services about 5500 customers in four counties.
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