Standard & Poor’s Raises Mount Pleasant, SC Rating to AA+
By Carolyn Dubrofsky
(Charleston Your Home )
The Town of Mount Pleasant’s already stellar credit rating has gotten even better. Standard & Poor’s (S&P) recently raised its rating from AA to AA+ on the Town’s $15.7 million General Obligation Bond of 2007. The AA+ score is a clear indication that Mount Pleasant holds an exceptional credit rating. The 2007 bonds are general obligations, secured by the full faith and credit of the Town, used to acquire, design, construct, improve, expand, and equip various municipal improvements – including transportation projects, a new senior center, and other various capital projects. “Mount Pleasant has kept its creditworthiness in great part due to its strong financial performance and low debt levels,” said Mount Pleasant Mayor Harry M. Hallman Jr. “Our financial position has remained strong and ...
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