...July 11, 2024 NEW YORK (S&P Global Ratings) July 11, 2024--S&P Global Ratings assigned its '###' rating to Charlotte, N.C.'s $60.675 million series 2024 general obligation (GO) refunding bonds. S&P Global Ratings also affirmed its '###' rating on the city's GO debt outstanding and its '##+' rating on the city's appropriation debt outstanding. The outlook is stable. "The rating reflects our view of Charlotte's economic growth and breadth, which anchor its current rating level," said S&P Global Ratings credit analyst Kaiti Vartholomaios, "and is further supported by the city's long-term planning, which uses a revenue-focused approach to project balanced budgets in conjunction with its reserve and debt management policies." The city's GO bonds are secured by its full-faith-and-credit pledge. The 2024 bonds will be used to refund series 2014 bonds for net present value savings. For certificates of obligation, the city is obligated under the contract to transfer installment purchase payments,...
