S&P Global Ratings assigned its 'AAA' long-term rating to Branford, Conn.'s issue of 2019 general obligation (GO) bonds. In addition, we affirmed our 'AAA' long-term rating on Branford's previously issued GO bonds. The outlook is stable. Branford's forward looking financial management practices continue to lead to positive budgetary variances, while making meaningful strides in address capital needs and retirement liabilities. While growth in the grand list (assessed value) is generally annually less than 1%, continued investment and redevelopment, along with significant town planning and investment, should lead to incremental growth and maintenance of a very strong economy. Branford's full faith and credit pledge, payable from the levy of an unlimited-ad valorem tax on all taxable property in the town, secures
