...S&P Global Ratings assigned its '##+' long-term rating to the Town of Grafton, Mass.' $12.455 million general obligation (GO) municipal-purpose loan of series 2021a bonds and $10.290 million GO refunding series 2021b bonds. At the same time, we assigned our 'SP-1+' short-term rating to the town's $6.950 million GO bond anticipation notes (BANs), maturing April 13, 2022. We also affirmed our '##+' long-term rating on the town's existing GO bonds and our 'SP-1+' short-term rating on the existing notes. The outlook, where applicable, is stable. Grafton's full-faith-and-credit pledge, subject to the limitations of Proposition 2-1/2, secures the bonds and notes. We understand that the town voted to exclude most debt service on the series 2021a and 2021b bonds, as well as all debt service on the notes, from the limits of Proposition 2-1/2, but we do not make a rating distinction, and we rate the limited obligation at the same level with our view of Grafton's general creditworthiness as expressed...
