All three ratings agencies (Fitch, Moody’s and S&P) have once again assigned a AAA rating – their highest – to the County’s $150 million General Obligation (GO) public improvement bonds, series 2018. The agencies have also affirmed the current AAA rating on the County’s $1.2 billion outstanding GO debt.
“This is the highest possible rating any local government can receive,” said Mecklenburg County Manager Dena R. Diorio. “It’s a reflection of Mecklenburg County’s sound financial and budget management, conservative debt repayment structure, and stable local economy.”
The GO bonds are expected to sell competitively on September 12, 2018. Proceeds of the series 2018 GO bonds will be used to fund school and parks and recreation improvements.”
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