Spring Hill retains ‘AA+’ bond rating from S&P Global

The city of Spring Hill has received an AA+ long-term rating on both its $57 million series 2024 general obligation bonds and retained the same rating on its outstanding debt from S&P Global Ratings. The credit rating agency also described Spring Hill’s financial outlook as “stable.” The ratings will help as the city moves forward with several capital improvement projects including a new police department headquarters and fire station. Spring Hill previously made the jump to “AA+” in 2022, a rating it has sustained since.