S&P Global Ratings assigned its 'A+' issuer credit rating (ICR) to the Charleston Housing Authority (CHA), S.C. At the same time, we assigned our 'A+' long-term rating to CHA's series 2024 general revenue bonds (Kiawah Homes). The outlook is stable. An ICR reflects the obligor's general creditworthiness and its capacity and willingness to meet financial commitments when they come due. It does not apply to any specific financial obligation and does not consider the obligation's nature and provisions, bankruptcy standing, or liquidation; statutory preferences; or legality and enforceability. In addition, the series 2024 general revenue bonds will be special obligations of the authority, payable solely from net operating income of the project, from the general revenues of the authority, and
