S&P Global Ratings assigned its 'AAA' long-term rating to Charlotte , North Carolina's $53.3 million series 2026 general obligation (GO) refunding bonds. The outlook is stable. The city's full faith and credit secures the GO bonds. The series 2026 bond proceeds will refund all outstanding maturities of the city?s 2016A GO bonds outstanding. We rate the city's appropriation debt outstanding based on the application of our criteria " Issue Credit Ratings Linked To U.S. Public Finance Obligors' Creditworthiness ," Nov. 20, 2019; these obligations are one notch lower than its general creditworthiness to account for the appropriation risk associated with the annual payments. The GO rating is supported by Charlotte's active financial management environment, with robust financial planning and policies,
