State Treasurer Curtis Loftis Announces High Credit Ratings for South Carolina

COLUMBIA, S.C., Aug. 5, 2025 /PRNewswire/ -- State Treasurer Curtis Loftis announced that South Carolina has once again had its strong credit ratings reaffirmed by S&P Global, Moody's, and Fitch Rating Services.

"Safeguarding our state's credit ratings is one of my most important responsibilities as Treasurer," said Treasurer Loftis. "I'm proud to share that South Carolina has now received affirmations from all three of the nation's top ratings agencies."

The reports received by the Treasurer's office praised the state's strong institutional framework and proactive financial practices that support balanced budgets and growing reserves, even during economic downturns. 

With an AAA rating and stable outlook from Fitch, an Aaa rating from Moody's, and a strong AA+ rating and stable outlook from S&P, these affirmations reflect the state's consistent fiscal discipline and sound financial management.

"These ratings are not just letters on a page – they directly save our taxpayers money by lowering the cost of borrowing for public services," Loftis said.

The reaffirmations were part of the agencies' annual reviews and not related to any pending bond issuance.

The State Treasurer's Office Debt Management Division is tasked with overseeing the borrowings for the state, its agencies and certain authorities. The division works to secure the most efficient and cost-effective borrowing terms while safeguarding the interests of lenders, investors, and bondholders. 

"These achievements reflect the hard work and diligence of the Treasurer's Office in maintaining transparent, consistent communication with our rating agency partners and managing the state's finances with integrity and foresight," Loftis added.

SOURCE South Carolina State Treasurer's Office