S&P Global Ratings has assigned its 'AAA' long-term rating to Charlotte, N.C.'s series 2016 storm water fee revenue refunding bonds. At the same time, we affirmed our 'AAA' long-term rating on the city's previously issued storm water fee revenue bonds. The outlook is stable. The rating reflects a very strong enterprise risk profile assessment based on the following credit factors: The underlying credit quality of the service area, the center of the broad and diverse Charlotte-Concord-Gastonia metropolitan statistical area (MSA); A very low industry risk assessment; Very affordable rates, as rates for storm water assessment is only 0.1% of median household effective buying income (EBI); and A very strong operational management assessment (OMA) demonstrated by management's willingness to implement regular,
