Latest News in Ogunquit, ME

Rating Action Moody's Ratings assigns initial Aa2 issuer and GO ratings to Ogunquit, ME

Moody's Ratings has assigned an initial Aa2 issuer rating to Ogunquit, Maine, reflecting the town's affluent year-round population and stable financial position. The rating also applies to the town's $12.8 million General Obligation Bonds, which will support various projects, including the refurbishment of a town hall and police building. Environmental risks and governance factors were noted as considerations in the rating process.

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

The Town of Ogunquit, Maine, has been assigned a credit rating of "AA+" by S&P Global Ratings for its upcoming General Obligation Bonds, due in 2054. The outlook for this rating is deemed stable, indicating a positive financial standing for the town. The letter outlines the conditions for rating maintenance and the importance of timely financial disclosures.

Ogunquit, Maine Receives 'AA' Rating for General Obligation Bonds

S&P Global Ratings has assigned an 'AA+' rating to Ogunquit, Maine's $12.75 million general obligation bonds, highlighting the town's strong financial management and stable economic outlook. The bonds are secured by the town's full-faith-and-credit pledge, allowing for property tax levies to ensure repayment. Proceeds will finance critical capital projects, including a new municipal campus for the police department and town administration.

Ogunquit's SP and Moody's Ratings

Ogunquit's recent news flash highlights the city's credit ratings from S&P and Moody's, along with links to relevant bond issue documentation. The article serves as a crucial update for residents and stakeholders interested in the financial health of Ogunquit. It emphasizes the importance of these ratings for future municipal financing.

Ogunquit, Maine Announces Sale of 12.75 Million in General Obligation Bonds

The Town of Ogunquit, Maine, is set to sell $12,750,000 in General Obligation Bonds, with sealed proposals due by May 7, 2024. These bonds will be used for town financing, feature various maturities, and will be issued under a Book-Entry-Only System through the Depository Trust Company. Interested bidders are encouraged to consult the Preliminary Official Statement for comprehensive details.

Ogunquit News Flash Emergency Alerts and Community Announcements

The article presents a compilation of news alerts from Ogunquit, ME, covering various categories such as emergency alerts, election information, and community announcements. The alerts include significant dates and times, indicating both published and archived information, reflecting ongoing civic engagement. The content serves as a resource for residents looking to stay informed about local developments.

15 lifeguards walk off job after change in leadership

Ogunquit, Maine faces a lifeguard shortage after 15 experienced lifeguards walked off the job in protest of a leadership change. The interim town manager stripped longtime lifeguard J.P. Argenti of his captain title, leading to concerns over beach safety. Town officials are seeking replacements while adjusting lifeguard coverage to ensure public safety.

WATCH Incredible time-lapse video shows formation of icicle

A police department in Ogunquit, Maine, has shared a captivating 20-second time-lapse video showcasing the formation of an icicle over 12 hours outside the town hall. The video transitions from darkness into daylight, highlighting the natural beauty of winter. This unique visual representation of winter phenomena has captured local interest and showcases the town's charm.