Ogunquit, Maine Receives "AA" Credit Rating from SP Global Ratings

The Town of Ogunquit, Maine, has received a commendable credit rating of "AA+" from S&P Global Ratings for its issuance of $12,750,000 in General Obligation Bonds, scheduled for 2024 and due on May 1, 2054. This rating signifies a stable outlook, reflecting the town's strong financial health and ability to meet its obligations. S&P Global Ratings underscores the importance of timely and accurate financial disclosures for maintaining this favorable rating. The communication provides clear guidelines for disseminating the rating to interested parties, emphasizing the need for transparency and compliance with applicable laws. Additionally, S&P Global Ratings relies on the accuracy and completeness of the information provided by the town and its advisors to uphold the rating.

The letter also includes terms and conditions that govern the rating, ensuring all stakeholders are aware of their responsibilities. This rating can enhance the town's credibility in the financial market, potentially attracting more investment. Overall, Ogunquit's strong credit rating is a positive indicator for its financial future and community development.