S&P Global Ratings assigned its ‘AA-‘ long-term rating to the City of Greer , South Carolina Commission of Public Works’ (CPW) $26.9 million series 2026 combined utility system revenue bonds. At the same time, S&P Global Ratings affirmed its ‘AA-‘ long-term and underlying rating (SPUR) on Greer’s combined utility system revenue debt outstanding. The outlook is stable. The bonds are secured by a pledge of and lien on the net revenues of the utility system. CPW's combined utilities together provide electric, natural gas, water, and wastewater services. Our analysis considers the financial contributions of each of the systems to meet the combined utility system’s financial obligations. With almost 60% of net revenue coming from the electric and gas systems, we
