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North Charleston's bond rating upgradedBy Warren Wise (Contact)
The Post and Courier
Friday, August 29, 2008
Solid budget surpluses and a diversified economy boosted North Charleston's bond rating, the rate at which it can borrow money, to AA, city officials announced Friday. Standard & Poor's Rating Services raised its standard long-term rating and underlying rating on the city's general obligation debt one notch to AA and its appropriation-backed debt to AA-. The improved rating was based on the city's significant economic diversification and expansion and continued maintenance of a very strong financial profile, Standard & Poor said. Read more in tomorrow's editions of The Post and Courier. |
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Comments
This article has 1 comment(s)
Posted by UberBlitzkrieg on August 29, 2008 at 10:35 p.m. (Suggest removal)
Well hell according to Moonpie North Chuck needs guidance. Damn if they are not guiding pretty good themselves.
Haters.