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Bond rating agencies praise Charlotte despite hefty debt
Summary by Business North Carolina
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The agency now expects that “the high public debt will gradually decrease from 2027” and approach a level of around 30 percent above GDP by 2034.
Bond rating agencies praise Charlotte despite hefty debt
The three major U.S. bond-rating agencies agree that Charlotte is a well-managed economic powerhouse. In the past two months, Fitch, Standard & Poor’s and Moody’s reaffirmed the city’s AAA bond rating ahead of its move to refinance some existing debts. S&P Global says it expects Charlotte and Mecklenburg County to “exceed state and national metrics across gross county product, total employment, population and income over the next several years.”…
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