Still years away, Volvo already having positive impact on Berkeley County

The Post and Courier
David Wren
January 3, 2016

Volvo’s decision to build its first U.S. manufacturing plant in Berkeley County already is having a positive impact on that government’s credit rating, with a pair of reports last week giving high marks to $30 million worth of general obligation debt the county agreed to issue in December.

Moody’s and Standard & Poor’s, the nation’s largest credit rating agencies, said the debt is “very high quality” with ratings of Aa2 and AA, respectively.

“We consider the county’s economy strong,” S&P said in its report, adding the outlook “reflects the county’s strong performance and strong debt profile, supported by a growing tax base.”The debt will be used for a variety of projects, such as: work on Sheep Island Road; upgrades to the county’s radio communications system; a 911 facility; and adding services to the county’s Moncks Corner administration building.

Click to read the full article on The Post and Courier…

Back To The Top