...DALLAS (S&P Global Ratings) Nov. 14, 2017--S&P Global Ratings assigned its '##' issuer credit rating to Greer, S.C., and its '##-' long-term rating to the city's series 2017A and 2017B installment purchase revenue bonds. The outlook is stable. Under an installment-purchase-and-use agreement, the city pledges to put forth its best efforts to seek an annual appropriation to make the installment payments out of all legally available sources. The '##-' long-term rating assignment reflects this appropriation risk. Proceeds from the bonds will be used to finance a parking facility, infrastructure and streetscape, and improvements to the city's cultural arts center and park. "The issuer credit rating reflects our opinion of the city's strong management and very strong budgetary performance, budgetary flexibility, and liquidity," said S&P Global Ratings credit analyst Karolina Norris. The stable outlook reflects our expectation that the city will continue to benefit from participation in the broad...
