BRASELTON - Standard and Poor's, the bond rating agency which rates more than 80% of the nation's municipal and corporate bonds, raised the Town of Braselton's rating from BBB+ to A- in March. The rating is for the town's water and sewerage system revenue bonds.<br />
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In assigning a rating for revenue bonds, the major rating agencies assess economy, debt structure, financial condition, demographic factors and management practices of the governing body and administration. Additionally an analysis is performed with respect to water and sewer system users and rates. "A-" bonds are rated as favorable investments and considered to be upper medium grade obligations, citing factors giving security to principal and interest structure.<br />
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"We are very pleased with the rating level," said Braselton Mayor Pat Graham, "as it, in part, reinforces the mission of the water and sewer enterprise funds and its bonding capability which allows for expansions of our system."
