Treasurer Says US S&P Rating Unlikely to Affect South Carolina
(COLUMBIA, S.C.) -- On Monday, South Carolina treasurer Curtis Loftis said the downgrade of the United State's credit rating by Standard & Poor's on Friday will not likely affect the state.
South Carolina's rating has been AA+ with S&P since 2005 and is AAA with Moody's and Fitch. While waiting for S&P to inform the states of whether they will change their ratings, Loftis reassured South Carolinians by saying a downgrade would not affect the state because South Carolina practices fiscal responsibility.
South Carolina's credit ratings put it among the top 15 highest-rated states.
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