S&P Global Ratings assigned its 'AA' rating to the City of Augusta, Maine's approximately $5.6 million series 2025A and $623,000 series 2025B general obligation (GO) bonds, based on the application of our "Methodology for Rating U.S. Governments" criteria, published Sept. 9, 2024. At the same time, S&P Global affirmed its '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 2025 bond proceeds to finance various capital projects, including roads, parking lots, building improvements, and gear for firefighters. 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
