Charlotte, NC GO Refunding Bonds Assigned #AAA# Rating

Stocks and Financial Services Press Releases Tuesday July 3, 2018 17:45
CENTENNIAL--3 Jul--S&P Global Ratings

CENTENNIAL (S&P Global Ratings) July 2, 2018--S&P Global Ratings assigned its 'AAA' long-term rating to Charlotte, N.C.'s series 2018A general obligation (GO) refunding bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the city's existing GO bonds and its 'AA+' long-term rating on the city's installment purchase obligations. The outlook is stable.

We also affirmed our 'AA+/A-1' dual rating on Charlotte's series 2013G variable-rate certificates of participation (COPs) and series 2003F variable-rate COPs.
Proceeds from the 2018A GO bonds will be used to refund portions of the city's 2008 GO refunding bonds for debt service savings with no extension of maturity.
"The 'AAA' long-term GO rating reflects our view of such factors as the city's very strong economy, management, budgetary flexibility, and liquidity," said S&P Global Ratings credit analyst Randy Layman.
The stable outlook reflects our view of the city's broad and diverse economy supported by its very strong financial position and sound financial practices and policies.

Latest Press Release

ชวนผู้ประกอบการเรียนรู้เส้นทางความสำเร็จของสตาร์ทอัพแอปพลิเคชัน เคลมดิ อังคาร 25 ก.ย. นี้

ตลาดหลักทรัพย์ฯ ขอเชิญผู้ประกอบการ Social Enterprise (SE) SMEs และ Startup ร่วมอบรมครั้งพิเศษในโครงการ SET Social Impact Gym หัวข้อ "Fintech vs Social Startup... Lesson Learned..." พบกับสตาร์ทอัพเจ้าของแอปพลิเคชัน "เคลมดิ" (Claim Di)...

3650 REIT and Silverfern To Collaborate on US CRE Private Debt

3650 REIT ("3650 REIT") and The Silverfern Group ("Silverfern") today announced a collaboration for bridge and event-driven lending secured by U.S. commercial real estate ("CRE") to be marketed as the Silver3TG Investment Program...

KTC packs a punch with worldwide online shopping opportunities with cash backs and up to X12 rewards points.

Mr. Nattasit Soontranu, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited,states, "In the first half of the year, KTC achieved a decent level of online purchases made using KTC credit cards—a level that is also...

Political risks in Asia are on the rise

According to Coface's Political Risk Index, Asia scored 45% on the latest risk ranking, above the world average of 35%. Nevertheless, this score remains lower than those of Sub Saharan Africa, the Middle East & North Africa, Central Europe and Latin...

Greece#s exit from the international bailout programme

- Reforms have helped to clean up public accounts, restore Greece's credibility and strengthen confidence - The crisis has resulted in companies cleaning up their balance sheets - "Zombie" companies continue to survive, due to insufficiencies in the...

Related Topics