S&P Global Ratings assigned its'AA'long-term rating to Grosse Ile Township (Wayne County) , Michigan's $37.8 million series 2026 unlimited tax general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its'AA'long-term rating on the township's previously issued debt. The outlook is stable. The township's unlimited tax full faith and credit secures the debt. This is the second and final issuance of a voter-authorized total of $59.7 million. Bond proceeds will be used to make upgrades and renovations to a toll bridge that was previously privately owned and that the township purchased last year. It is one of two bridges that connects the island to the mainland; the other is a free bridge maintained by
