...September 12, 2024 NEW YORK (S&P Global Ratings) Sept. 12, 2024--S&P Global Ratings assigned its 'A+' long-term rating to Charleston County Airport District, S.C.'s proposed $107.7 million series 2024A (AMT), $211.4 million series 2024B (non-AMT), and $92.5 million series 2024C (taxable) airport revenue bonds, issued for the Charleston International Airport (CHS, or the airport). At the same time, S&P Global Ratings affirmed its 'A+' long-term rating on the district's airport revenue bonds outstanding. The outlook is stable. "The rating reflects our view of the strength of the Charleston metropolitan area's economy and growth prospects, as well as its moderate exposure to regional competition," said S&P Global Ratings credit analyst Quinn Rees. It also incorporates the likelihood of additional issuance in 2026 to fund additional capital projects in CHS' two-phase improvement plan. The stable outlook reflects our expectation that, despite the scale of the debt being issued, CHS will maintain...
