Business

April 8, 2014

NC retains 'AAA' bond rating

North Carolina's "AAA" bond rating has been reaffirmed by the three major rating agencies: Standard & Poor's, Moody's Investors Service and Fitch Ratings.

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.

Related content

Comments

Videos

Editor's Choice Videos