Skip Ribbon Commands
Skip to main content
...

County Keeps ‘AAA’ Credit Rating

8/28/2019

Mecklenburg County maintains its "AAA" credit rating with the Country's leading rating agencies. Fitch, Moody's, and Standard and Poor have once again assigned their highest rating (AAA) – to the County's $200 million General Obligation (GO) public improvement bonds, series 2019. The agencies have also affirmed the current AAA rating on the County's $1.2 billion outstanding GO debt. 

"I am proud that the nation's most prestigious ratings agencies continue to affirm the strength of the County's economy," said Mecklenburg County Manager Dena R. Diorio. "The AAA rating reflects our continued commitment to fiscal discipline, conservative debt repayment structure, and a stable local economy."

The GO bonds are expected to sell competitively on September 10, 2019. The proceeds will be used for Charlotte-Mecklenburg Schools and Central Piedmont Community College capital projects.