...Standard & Poor's Ratings Services assigned its '##+' long-term rating to Charlotte, N.C.'s series 2016A tax-exempt refunding certificates of participation (COPs) and 2016B taxable (COPs). At the same time, Standard & Poor's affirmed its '###' rating on the city's existing general obligation (GO) bonds and its '##+' rating on the city's appropriations and general fund-backed bonds. The outlook on all the ratings is stable. We have also confirmed our '##+/A-1+' rating on Charlotte's series 2003B and 2013G variable-rate COPs, and our '##+/A-1' rating on its series 2003F and 2005A variable-rate COPs, due to the bank facilities being extended. The long-term component of the ratings is based on the rating on the obligor, Charlotte. The short-term components of the ratings are based on the short-term ratings on the issues' respective liquidity providers, which are Wells Fargo Bank N.A. (A-1+) for the series 2003B and 2013G, and Bank of America N.A. (A-1) for the series 2003F and 2005A. Charlotte's...
