S&P Global Ratings assigned its 'AAA' rating to Charleston, S.C.'s roughly $40 million series 2025A general obligation (GO) bonds and roughly $68.5 million series 2025B GO bonds. At the same time, S&P Global Ratings affirmed its 'AAA' rating on Charleston's existing GO debt. S&P Global Ratings also affirmed its 'AA+' rating on Charleston Public Facilities Corp., S.C.'s instalment-purchase revenue bonds (IPRB), supported by the city. The outlook is stable. The rating reflects the application of its criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. The city's full-faith-and-credit pledge and agreement to levy ad valorem property taxes, without limitation as to rate or amount, secure its GO bonds. Officials intend to use series 2025A bond proceeds to
