Summary: Augusta, Maine; General Obligation

S&P Global Ratings has assigned its 'AA' rating to Augusta, Maine's 2018 general obligation (GO) bonds and affirmed its 'AA' rating on the city's GO debt outstanding. The outlook is stable. The city's full faith and credit pledge, subject to the state's LD1 tax levy limit, secures the bonds. Despite the limitations imposed by the state's levy limit law, we did not make a rating distinction for the limited-tax GO pledge given the city's flexibility under the levy limit. We understand bond proceeds will be used for construction and equipping of the Hartford Fire Station, as well as other capital improvements and vehicle acquisitions. The 'AA' rating reflects our opinion of the following factors for the city: Adequate economy, with

...S&P Global Ratings has assigned its '##' rating to Augusta, Maine's 2018 general obligation (GO) bonds and affirmed its '##' rating on the city's GO debt outstanding. The outlook is stable. The city's full faith and credit pledge, subject to the state's LD1 tax levy limit, secures the bonds. Despite the limitations imposed by the state's levy limit law, we did not make a rating distinction for the limited-tax GO pledge given the city's flexibility under the levy limit. We understand bond proceeds will be used for construction and equipping of the Hartford Fire Station, as well as other capital improvements and vehicle acquisitions. The '##' rating reflects our opinion of the following factors for the city: + Adequate economy, with a local stabilizing institutional influence; + Strong management, with "good" financial policies and practices under our Financial Management Assessment (FMA) methodology; + Adequate budgetary performance, with operating results that we expect could improve in...

Summary