Standard & Poor's raises Bluffton bond rating

newsroom@islandpacket.comJuly 15, 2014 

Standard & Poor's Rating Service has upgraded the town of Bluffton's bond rating from AA-minus to AA-plus, the second-highest rating for a municipality.

The company cited favorable financial measures the town has taken and its stable financial outlook.

The town entered the bond market in 2010, issuing a $6.5 million general obligation bond to underwrite funds that mostly went to design and build the new Bluffton Police Department, a town news release said. The bond has a term of 25 years and an interest rate of 3.57 percent.

The Island Packet is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service