S&P Global Ratings assigned its 'AA-' long-term rating to Corporation ForGreer, S.C.'s series 2024A (tax-exempt) $28.35 million and series 2024B (taxable) $14.810 million installment purchase revenue bonds (IPRBs), issued on behalf of the city of Greer, S.C. At the same time, S&P Global Ratings affirmed its 'AA' issuer credit rating (ICR) on the city and its 'AA-' rating on Greer's existing appropriation-backed debt. The outlook is stable. The 2024 IPRBs of Corporation ForGreer, supported by the city, are payable solely from, and secured by, amounts pledged under the trust agreement, including installment payments. Proceeds from the 2024 bonds will finance the construction of a public safety training facility and parking garage (2024 facilities), and a portion of the 2024A bonds
