Standard & Poor's Ratings Services affirmed its 'AA' rating, with a stable outlook, on Anderson County, S.C.'s general obligation (GO) bonds. The rating reflects our opinion of the county's: Consistently growing and diversifying property tax base; Participation in the growing regional upstate economy; Strong finances, including, what we view as, strong reserves; Solid, knowledgeable, and forward-looking management team; and Low debt. The county's full-faith-and-credit pledge secures the GO bonds. The 777-square-mile Anderson County is in northwestern South Carolina. Interstate 85 -- which is becoming an area of rapid commercial and residential development, providing a link to major commercial centers in the southeast -- traverses the county. The county, once dominated by textile and apparel-related industries, now benefits from, what we...
Companies mentioned in this report are: Anderson Cnty
Action: Outlook: Stable
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