NC retains 'AAA' bond rating

Posted by David Ranii on April 8, 2014 

North Carolina’s “AAA” bond rating has been reaffirmed by the three major rating agencies.

The AAA rating from Standard & Poor’s, Moody’s Investors Service and Fitch Ratings, the top rating available, keeps the state’s financing costs low.

The bond rating was announced Tuesday by State Treasurer Janet Cowell.

Cowell, a Democrat, recently met with the rating agencies in New York along with a key member of Republican Gov. Pat McCrory’s administration — state Budget Director Art Pope — and former state controller David McCoy.

“Our attention to efficient spending practices, cash flow and low debt continue to prove that the state is financially stable,” McCrory said in a release.

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