NC Gets Triple-A Rating Before Selling Bonds
RALEIGH, N.C. — The nation's three prominent credit-rating agencies keep giving top marks to North Carolina in advance of the state selling another batch of bonds.
Standard & Poor's, Moody's Investors Service and Fitch Ratings issued triple-A ratings to the state before Treasurer Janet Cowell offers $314 million in bonds next week.
The highest ratings mean the state can get the lowest interest rates possible while borrowing and is considered a badge of fiscal stability. Cowell's office says North Carolina is one of ten states with triple-A's from all three agencies.
Agency reports attributed their North Carolina ratings to what they call conservative fiscal operations, declining debt levels and an improving economy.
Cowell and Gov. Pat McCrory trumpeted the rating news as a positive signal to companies looking to expand in North Carolina.