Credit rating of state in which surety company licensed.

S.C. Code Ann. § 29-6-270
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
For any contract for the improvement of real property not covered by the provisions of Section 29-6-250, where a payment bond is required by the contract or otherwise, the bond may only be issued by a surety company licensed in the State with a "B+" minimum rating as stated in the most current publication of "Best Key Rating Guide, Property Liability".
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.scstatehouse.gov/code/t29c006.phpFetched: 10/17/2026

Starting a business in South Carolina? South Carolina LLC guide: costs and requirements