NC retains 'AAA' bond rating

04/08/2014 4:52 PM

04/08/2014 4:53 PM

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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