S&P downgrade of 2016 GO bonds
Summary
S&P dropped the rating on the city's 2016 bonds from AA-minus to A-plus, citing accounting presentation of interfund loans and local economic data. Staff say the practical cost to the city should be negligible since Milford hasn't issued public debt since 2016.
At a glance
- Total mentions
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- Last 30 days
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Last discussed Jun 22, 2026.
Impact analysis
If the city ever borrows publicly again, it might pay slightly higher yields, though staff said Delaware's thin municipal market could erase that difference.
A lower rating could cost taxpayers slightly more if the city ever borrows in the public bond market.
Mentions & discussions (1)
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