NEW YORK (Standard&Poor's) Feb. 15, 2002--Standard&Poor's today assigned its triple-'A' rating to Charlotte, N.C.'s $61.695 million water and sewer revenue bonds (fixed rate) series 2002A due July 1, 2015. In addition, Standard&Poor's today assigned its triple-'A' rating to the city's outstanding water and sewer bonds. The rating reflects the system's: -- Continued strong growth in the service area and the system's ability to keep pace with significant new development, -- Very strong financial performance and the 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. The rating also reflects a large capital improvement program (CIP)
