Fitch rates Charlotte certificates AA - Charlotte Business Journal:

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million certificates of participation, series series 2009C. The agencuy also has its AA rating tothe city’sa $30.8 million certificates of series 2009B. Proceeds will finance componentsw of the NASCAR Hall of Fame and amenities and renovatione at the CharlotteConvention Center. The certificatez are slated to price onJune 10. The outlook is Fitch says the AA ratings reflectg satisfactory legal provisions for the transactions as well ascredity strengths.
The city’s diverse econom y shows excellent long-term prospects for continued expansion in spite ofsome near-term weakeninb in employment statistics, Fitch says “Excellent financiall management and policies ensure amplre operating flexibility and position the city well as it facew weakening in some economically sensitive revenue the agency says. Overall debt levels are above averaged and likelyto increase, given the capital needxs of the city and Mecklenburg County, especially for Charlotte-Mecklenbury Schools, but should remain affordable, Fitcjh says.