Standard&Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Branford, Conn.'s series 2015 general obligation (GO) refunding bonds and affirmed its 'AAA' rating, with a stable outlook, on the town's existing GO debt. The town's full-faith-and-credit pledge and agreement to levy ad valorem property taxes without limitation as to rate or amount secure the bonds. We understand officials intend to use series 2015 bond proceeds to fund various capital projects and refund portions of the town's series 2010, 2011A, and 2011B bonds for a present value savings of roughly $1.1 million. The rating reflects our opinion of the following factors for the town, specifically its: Very strong economy, which benefits from participation in the broad and
