WITN  | Greenville, NC  | News, Weather, Sports

NC Gets Triple-A Rating Before Selling Bonds

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.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 254508051 - witn.com/a?a=254508051