Braselton water, sewer bonds receive ‘A’ rating again
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.
