...The 'AA+' rating reflects Milford's 'aaa' level of financial resilience and expectations that the city will maintain unrestricted general fund reserves above 10% of spending. Educational attainment and income levels are favorable, while the population growth trend has generally remained flat over the past decade. Long-term liability metrics associated with debt and net pension liabilities (NPLs) are moderate relative to Fitch-rated local governments. The 'F1+' short-term rating for the BANs corresponds to the city's 'AA+' IDR and reflects the unlimited tax pledge for note repayment....