Franklin receives two AAA bond ratings

The city of Franklin has received triple A bond ratings from both Moody’s and Standard & Poor’s Ratings Services for proposed $106.5 million in 2026 general obligation (GO) bonds. In assigning the highest rating, the top rating available, the rating agencies cited the City’s healthy financial position marked by high available fund balance and liquidity ratios, continued conservative budgeting and strong revenue performance. The city will use the bond proceeds to fund various capital projects throughout the community including construction of the new city hall with streetscape and an adjacent one-acre park, and completion of the Pearline M. Bransford Complex. Other funding will include the replacement of fire apparatus and various road improvement projects. This marks 17 years in a row the city has received the top rating from both agencies.