S&P Global Ratings has assigned its 'A+' rating with a stable outlook to Ramapo Town, N.Y.'s series 2021A $7.98 million public improvement bonds and $15.4 million series 2021B public improvement refunding bonds. The town's faith and credit pledge secures the bonds. Proceeds from the 2021A bonds will be used to permanently finance an outstanding bond anticipation note (BAN) and provide funding for a new capital project for the town's sewer district No. 5. The series 2021B bond proceeds will be used to refund certain maturities of the town's 2006, 2008A-1, and 2008A-2 bonds. After a finding of fraud by the SEC in 2017, Ramapo was faced with remaking its financial team and processes. In 2017, the new management team started
