S&P Global Ratings assigned its 'AAA' long-term rating to Branford, Conn.'s issue of 2020 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 full faith and credit pledge, payable from the levy of an unlimited ad valorem tax on all taxable property in the town, secures the bonds. Bond proceeds (approximately $12.9 million) will provide funding for various capital projects and refund for a net present value savings outstanding GO debt issued through the state's clean water fund. Branford's forward-looking financial management practices continue to lead to positive budgetary variances, while making meaningful strides addressing capital needs and retirement liabilities. While growth in the grand list
