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Franklin City wins AAA ratings; accepts bids for $47 million bond sale
Summary
City officials announced AAA ratings from Moody's and S&P and accepted bids for $47,000,000 in general obligation bonds to fund capital projects; Hilltop Securities was the winning bidder with a true interest cost of 3.52% and closing set for March 26.
Franklin City officials announced on March 2025 that the city received AAA bond ratings from both Moody's and Standard & Poor's and accepted bids for $47,000,000 in general obligation bonds to fund capital projects.
The ratings and bond sale matter because a AAA rating signals strong fiscal health and lowers borrowing costs; staff said the proceeds will fund Southeast Park, major road…
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