Hilton Head maintains high bond ratings

info@islandpacket.comJune 26, 2013 

The Town of Hilton Head Island maintained high marks during a recent assessment by bond rating agencies. The town was rated Aaa by Moody's, AA+ by Fitch Ratings, AA+ by Standard & Poor's, according to a release by the town.

The ratings will apply to the town's general obligation bonds, including a recent $9 million debt issue to pay for capital projects and the town's purchase of the Planter's Row Golf Course in March.

Moody's cited the town's "strong financial policies," importance as a tourism center, large tax base and wealthy population in its rating.

Town manager Steve Riley said in the release that the ratings were "very good news."

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