S&P Global Ratings assigned its 'A-1+' short-term rating to Charlotte , North Carolina's $530 million series 2026 water and sewer system commercial paper (CP) revenue bond anticipation notes (BANs). Charlotte?s water and sewer system is entering into a new revolving credit agreement for the new series 2026 CP revenue BANs with the Bank of America, N.A. that expires in August 2029. Charlotte?s water and sewer system CP program is authorized in the amount of $530 million, with an initial commitment of $250 million. The notes are secured by a subordinate pledge of water and sewer net revenue. Liquidity support for the system's series 2026 CP notes is currently provided by revolving credit agreements. The short-term rating on the CP notes
