S&P Global Ratings assigned its'SP-1+'short-term rating to the City of North Adams , Massachusetts'$10.2 million series 2026 bond anticipation notes (BANs). At the same time, S&P Global Ratings affirmed its'A'underlying rating on the city's existing state qualified general obligation (GO) bonds. The outlook, where applicable, is stable. The short-term rating on the notes reflects our criteria for evaluating and rating BANs. It also reflects that the takeout debt will be eligible to participate under the Massachusetts Qualified Bond Act's Chapter 44A. The rating reflects the credit quality of the Qualified Bond Act, the low market risk profile, strong market access, information availability, and takeout authorization. The program rating reflects our view of support from the
