Summary: East Haddam, Connecticut; General Obligation

S&P Global Ratings assigned its 'AA+' rating, with a stable outlook, to the town of East Haddam, Conn.'s $19 million general obligation (GO) series 2020 A bonds and $450,000 GO series 2020 B bonds. We also affirmed the 'AA+' rating, with a stable outlook, on the town's existing GO debt. The bonds are payable from the town's full-faith-and-credit pledge. Proceeds from the series A bonds will refinance approximately $5.9 million of bond anticipation notes (BANs), as well as the series 2010 GO bonds and the town's 2018 USDA loan. Proceeds from the series B bonds will provide new-money financing to support the town's Open Space projects. The stable outlook reflects S&P Global Ratings' opinion of East Haddam's very strong budgetary

...S&P Global Ratings assigned its '##+' rating, with a stable outlook, to the town of East Haddam, Conn.'s $19 million general obligation (GO) series 2020 A bonds and $450,000 GO series 2020 B bonds. We also affirmed the '##+' rating, with a stable outlook, on the town's existing GO debt. The bonds are payable from the town's full-faith-and-credit pledge. Proceeds from the series A bonds will refinance approximately $5.9 million of bond anticipation notes (BANs), as well as the series 2010 GO bonds and the town's 2018 USDA loan. Proceeds from the series B bonds will provide new-money financing to support the town's Open Space projects....

Summary