S&P Global Ratings assigned its ‘AA’ long-term rating to the City of Fayetteville , North Carolina’s $25.1 million series 2026 limited obligation bonds (LOBs). At the same time, we affirmed our ‘AA+’ rating on the city’s general obligation (GO) debt outstanding and our ‘AA’ rating on its lease appropriation debt outstanding. The outlook is stable. The series 2026 bonds are limited obligations of Fayetteville, payable from the city’s available funds, subject to annual appropriation. The 2026 bonds will be issued on parity with the city’s 2018, 2019A, and 2019B LOBs and secured by an existing deed of trust that grants a lien of record on the mortgaged property to secure the obligations. In addition, Fayetteville will grant a security interest
