S&P Global Ratings assigned its'AA'rating to the city of Augusta, Maine's approximately $4.8 million series 2026A and $1.36 million series 2026B (federally taxable) general obligation (GO) bonds. At the same time, we affirmed our'AA'rating on the city's existing GO debt. The outlook is stable. The city's full-faith-and-credit pledge secures the bonds. Officials intend to use series 2026 bond proceeds to finance various capital projects, including infrastructure and municipal improvements. Augusta's creditworthiness is characterized by a history of sturdy financial results and the maintenance of high reserve levels, offset in part by economic metrics that are below those of similarly rated peers. The city also benefits from solid management that has helped support financial performance and the
