Charleston, SC GO Bonds Rated 'AAA', Outlook Stable On New Criteria Application

NEW YORK (S&P Global Ratings) April 4, 2025--S&P Global Ratings assigned its 'AAA' rating and stable outlook to Charleston, S.C.'s roughly $40 million series 2025A general obligation (GO) bonds and roughly $68.5 million series 2025B GO bonds and affirmed its 'AAA' rating, with a stable outlook, on Charleston's existing GO debt. S&P Global Ratings also affirmed its 'AA+' rating, with a stable outlook, on Charleston Public Facilities Corp., S.C.'s instalment-purchase revenue bonds (IPRBs), issued for the city. The rating reflects the application of its criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. "We could lower the rating if finances were to decrease significantly, weakening reserves with no plans to restore them, or if the city's debt-and-liability

...April 4, 2025 NEW YORK (S&P Global Ratings) April 4, 2025--S&P Global Ratings assigned its '###' rating and stable outlook to Charleston, S.C.'s roughly $40 million series 2025A general obligation (GO) bonds and roughly $68.5 million series 2025B GO bonds and affirmed its '###' rating, with a stable outlook, on Charleston's existing GO debt. S&P Global Ratings also affirmed its '##+' rating, with a stable outlook, on Charleston Public Facilities Corp., S.C.'s instalment-purchase revenue bonds (IPRBs), issued for the city. The rating reflects the application of its criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. "We could lower the rating if finances were to decrease significantly, weakening reserves with no plans to restore them, or if the city's debt-and-liability profile were to materially weaken," said S&P Global Ratings credit analyst Kaiti Vartholomaios. The stable outlook reflects S&P Global Ratings' opinion that Charleston's robust...

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