SC maintains AAA Credit Rating

State Treasurer Curtis Loftis announces that South Carolina received AAA ratings from both Moody’s and Fitch credit rating agencies for the $140.57 million in general obligation bonds that were sold last week. Standard and Poors assigned an AA+ rating. All three agencies gave a stable outlook for these new bonds, as well as for the current $1.7 billion in outstanding general obligation bonds. The bond sale included $85 million to assist with the expansion of Boeing in South Carolina. The bond sale also included $23.2 million for highway refunding bonds, $15.2 million for the University of South Carolina and Clemson University, $14.1 million for Lander University, and $3 million for Winthrop University. The sale will close on December 10, 2013.