NEW YORK (Standard&Poor's CreditWire) Sept. 15, 2000-- Standard&Poor's today assigned its double-'A'-plus rating to Charlotte, N.C.'s $101.74 million water and sewer system revenue bonds series 2000 due June 1, 2025. The bonds are scheduled to sell Sept. 21, 2000. The outlook is stable. In addition, Standard&Poor's affirmed its double-'A'-plus rating on the city's outstanding water and sewer system revenue bonds. The rating reflects: -- Very strong financial performance and an expectation of continued coverage of revenue bonds in excess of 2.5 times (x); -- High liquidity; -- Affordable, competitive rates; and -- Strong system growth with comprehensive planning. Also reflected in the rating is a large capital program requiring about $100 million borrowing annually,
