NEW YORK (Standard&Poor's) July 5, 2011--Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating to Charlotte, N.C.'s $91.81 million water and sewer system revenue refunding bonds series 2011 and affirmed its 'AAA' rating on the system's previously rated water and sewer revenue bonds. The 'A-1' and 'A-1+' short-term ratings on the system's outstanding variable-rate water and sewer debt issues reflect the credit quality of the respective liquidity facility providers. The outlook on the long-term ratings is stable. The 'AAA' long-term rating reflects Standard&Poor's opinion of the water and sewer system's: Service area economy, which continues to exhibit growth, albeit at a slower pace, as well as fundamentally strong economic indicators; Very strong financial performance
