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Posted on: April 7, 2020

Beaufort retains its strong credit rating from Moody’s

BEAUFORT, S.C. (April 7, 2020) – The City of Beaufort continues to maintain an Aa2 rating from Moody’s Investor Services in Moody’s annual report on the City’s credit.

The report noted that Beaufort’s credit position is “very good,” and that the rating is above U.S. cities media of Aa3. “The notable credit factors include a very healthy financial position, a sizeable tax base with moderate wealth and income profile, and mid-ranged debt and pension burdens,” the report said.

The report also took into account the coronavirus outbreak. “We do not see any material immediate credit risks for Beaufort,” Moody’s said, while acknowledging that the uncertainty of virus’s impact could change that.


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