Summary: Charlotte, North Carolina; Appropriations; General Obligation

S&P Global Ratings assigned its 'AAA' long-term rating to Charlotte, N.C.'s series 2020A general obligation (GO) refunding bonds and taxable 2020B GO refunding bonds. At the same time, we affirmed our 'AAA' long-term rating on the city's GO debt outstanding as well as our 'AA+' long-term rating on the city's installment purchase obligations. Finally, we affirmed our 'AA+/A-1' dual rating on Charlotte's series 2013G and 2003F variable-rate certificates of participation (COPs). The long-term component of the rating reflects the city's appropriation-backed obligation, while the short-term component is based on the short-term ratings on the liquidity providers, which are Wells Fargo Bank N.A. (series 2013G) and Bank of America N.A. (series 2003F). The outlook is stable. Securing debt service on the

...S&P Global Ratings assigned its '###' long-term rating to Charlotte, N.C.'s series 2020A general obligation (GO) refunding bonds and taxable 2020B GO refunding bonds. At the same time, we affirmed our '###' long-term rating on the city's GO debt outstanding as well as our '##+' long-term rating on the city's installment purchase obligations. Finally, we affirmed our '##+/A-1' dual rating on Charlotte's series 2013G and 2003F variable-rate certificates of participation (COPs). The long-term component of the rating reflects the city's appropriation-backed obligation, while the short-term component is based on the short-term ratings on the liquidity providers, which are Wells Fargo Bank N.A. (series 2013G) and Bank of America N.A. (series 2003F). The outlook is stable....

Summary