S&P Global Ratings assigned its 'AAA' long-term rating to Charlotte , N.C.'s $75 million series 2025A taxable general obligation (GO) housing bonds. At the same time, we affirmed our 'AAA' long-term rating on the city's general obligation debt outstanding and our 'AA+' long-term rating on the city's appropriation debt outstanding. The outlook is stable. The city's full faith and credit secures the 2025A GO bonds and outstanding GO bonds. Proceeds from this issuance will fund housing projects for low- and moderate-income households. Charlotte's credit profile remains stable, supported by a large, growing, diverse tax base, well-embedded long-term financial planning, and a stable revenue. Governmental fixed costs remain elevated, but with enterprise revenue securing more than 70% of the approximately $6.5
