A triple-A bond rating (the best rating possible) indicates that North Carolina has followed well-defined financial management policies and demonstrated strong debt management practices.
Why the Bond Rating is Important
The credit rating is important, as it allows the state to borrow at competitive rates, saving taxpayers millions of dollars in interest payments.
Under her executive leadership as Treasurer, North Carolina has maintained a triple-A Bond rating for strong financial and debt management practices, and is recognized as one of only seven states to earn the rating by Standard and Poor's, Moody's Investment Services, and Fitch Ratings.
Despite the tough economic climate, North Carolina has continued to rank as the 5th-best funded pension in the country (Pensions & Investments.)