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S&P Global Ratings Upgrades Bond Rating for Horry County Government

On March 26, 2018 in County News

S&P Global Ratings raised its long-term rating and underlying rating (SPUR) on Horry County, S.C.'s general obligation (GO) bonds to 'AA+' from 'AA'. The outlook is stable. "The rating change reflects the improvement in the county's debt profile, with further improvement expected in fiscal 2019, coupled with the county's growing and diversifying local economy," said S&P Global Ratings credit analyst Daniel Hughes. "In addition, the county's very strong management policies and practices continue to support its strong budgetary performance and very strong reserves." Read the full release here

For the full report from S&P Global Ratings, click here




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