S&P Global Ratings assigned its 'SP-1+' short-term rating to the Town of Branford , Conn.'s $10.8 million series 2026 general obligation (GO) bond anticipation notes (BANs) At the same time, we affirmed our 'AAA' long-term rating on the town's previously issued GO debt. The outlook is stable. Branford's full faith and credit pledge secures the series 2026 GO notes and debt outstanding. The short-term rating on the BANs reflects our criteria for evaluating and rating BANs. Branford maintains a very strong capacity to make principal and interest payments when the notes come due. We view the town's market risk profile as low because Branford has strong legal authority to issue long-term debt to take out the BANs and it is