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

Fitch Downgrades CGS-CIMB TH to #A(tha)/F1(tha)#; Off Outlook Stable

Fitch Ratings (Thailand) has downgraded CGS-CIMB Securities (Thailand) Co., Ltd.'s (CGS-CIMB TH) National Long-Term Rating to 'A(tha)' from 'AA-(tha)' and National Short-Term Rating to 'F1(tha)' from 'F1+(tha)'. All ratings have been removed from Rating...

Commons Foundation Signs Contract for Blockchain Business Backed by the Paraguay Government

Combining Paraguay's low-cost and abundant electricity with the Commons Foundation's expertise in blockchain technology, the world's largest cryptocurrency mining center and global exchange is to be established. - The "Golden Goose" project will...

mai welcomes real estate developer CMC on November 19

Market for Alternative Investment (mai) will list Chaoprayamahanakorn pcl, a leading real estate developer onNovember 19, under the ticker symbol "CMC". The company has a market capitalization at its initial public offering (IPO) of THB 3.00 billion...

KTC - Chilito Mexican Grill - Farm Factory provide members special privileges for payments made using QR Pay in the KTC Mobile app.

Mrs. Pranaya Nithananon, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited, provides KTC VISA and KTC MasterCard credit card members who make payments through KTC QR Pay in the "KTC Mobile" app worth Bt. 300 or more...

Photo Release: KBank opens new flagship branch and THE WISDOM Lounge at ICONSIAM

Mr. Wirawat Panthawangkul (3rd from left), KBank Senior Executive Vice President, and Ms. Chadatip Chutrakul (4th from left), Director of ICONSIAM Co., Ltd., and Chief Executive Officer of Siam Piwat Co., Ltd., participated in the opening ceremony of...

Related Topics