Williamsburg County, SC Bond Anticipation Notes Assigned #SP-1# Rating

Stocks and Financial Services Press Releases Tuesday October 24, 2017 09:37
DALLAS--24 Oct--S&P Global Ratings

DALLAS (S&P Global Ratings) Oct. 23, 2017--S&P Global Ratings assigned its'SP-1' short-term rating to Williamsburg County, S.C.'s series 2017 generalobligation (GO) bond anticipation notes (BANs). At the same time, S&P GlobalRatings affirmed its 'A' long-term rating and underlying rating (SPUR) on thecounty's existing GO debt, its 'A-' long-term rating on Williamsburg CountyPublic Facilities Corp.'s installment-purchase revenue bonds supported by thecounty, and its 'BBB' long-term rating on the county's hospital rental revenuebonds based on the county's moral obligation. The outlook, where applicable,is stable.

"The short-term rating reflects our view of the 'A' long-term rating and thecounty's low market-risk profile, including its authority to issue take outdebt and the availability of pertinent disclosure information," said S&PGlobal Ratings credit analyst Karolina Norris.

Officials will use note proceeds to provide temporary financing for variouspublic safety projects.
The stable outlook reflects our opinion of the county's very strong liquidityand strong budgetary flexibility.

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