COLUMBIA, SC (June 16, 2025) – South Carolina continues to demonstrate strong financial stewardship, as Moody’s Ratings has reaffirmed the state’s Aaa credit rating with a stable outlook. State Treasurer Curtis Loftis announced the positive news today, emphasizing the significant benefits this top-tier rating brings to the Palmetto State.
The Importance of Maintaining a Strong Aaa Credit Rating
“As State Treasurer, one of my primary responsibilities is to safeguard our state’s credit ratings. My office has worked diligently over the past year to maintain consistent communication and provide comprehensive information to our rating agency partners,” Treasurer Loftis explained. “The importance of a Aaa rating cannot be overstated – it directly translates to lower borrowing costs for our state.”
Treasurer Loftis stressed that South Carolina’s robust economic activity, healthy cash reserves, and sound fiscal management practices are crucial in supporting the state’s ability to repay its debt, ensuring financial stability and attracting favorable investment.
This reaffirmation of SC’s Aaa credit rating was part of Moody’s annual review process for the state and was not tied to any pending bond issuance.
The State Treasurer’s Office, through its Debt Management Division, plays a vital role in managing the borrowings for the state, its agencies, and certain authorities. The division is dedicated to securing the most efficient and effective borrowing terms, always striving for the lowest rates and fees while protecting the interests of lenders, investors, and bondholders.
This Aaa credit rating continues to ensure these opportunities.
Local News Via - MyrtleBeachSC.com
