CHARLOTTE – Mecklenburg County has maintained its AAA credit rating with leading rating agencies.
Fitch, Moody’s and Standard & Poor have assigned their highest rating to the county’s $200 million general obligation public improvement bonds, series 2019. The agencies have also affirmed the 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,” County Manager Dena Diorio said. “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 Sept. 10. Proceeds will be used for Charlotte-Mecklenburg Schools and Central Piedmont Community College capital projects.