State Treasurer Brad Briner announced today Moody’s has affirmed North Carolina’s Aaa rating on its outstanding general obligation bonds. The credit rating agency declared: “North Carolina is one of the strongest states according to nearly every measure.”
In its rating Moody’s said: “North Carolina's Aaa issuer rating recognizes very low leverage … and an economic growth rate that continues to outperform nearly all other states in the region.”
“Our state has been fiscally prudent in how it spends and saves money,” Treasurer Briner said. “This, once again, highlights what North Carolinians already know - our leaders have put us on a strong financial path and my team at the Department of State Treasurer has made sure to be strong stewards of oversight and management of those funds.”
There were also high ratings for two other bond categories. The state’s upcoming 2025 and 2026 general obligation bonds also have been assigned a Aaa rating, and the state’s upcoming 2025 refunding limited obligation bonds an Aa1.
“Our staff at the Department of State Treasurer, along with our colleagues at the Office of State Budget and Management, have worked hard to highlight the state’s ongoing commitment to smart money management,” said Denise Canada, DST Deputy Treasurer of the State and Local Government Finance Division. “North Carolina has excellent credit and a high economic growth rate, which is something all leaders can be proud of.”
The N.C. Department of State Treasurer’s State and Local Government Finance Division manages the sale and delivery of most state and local debt and monitors the repayment of state and local government debt. More information can be found at http://www.nctreasurer.com/slg