New Issue – Moody’s assigns MIG 1 to Lexington, SC’s $1.59M BANs, Series 2016

Assignment of Moody’s highest quality short term rating reflects our expectation that the town will be able to refinance the notes at maturity, given a sound underlying credit quality and liquid financial position. The Aa2 rating reflects the town’s sizeable tax base, above average wealth indices, history of sound financial operations and low debt burden.

Source: New Issue – Moody’s assigns MIG 1 to Lexington, SC’s $1.59M BANs, Series 2016

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