North Carolina Among Strongest States in Country for Fiscal Stability.

State maintains triple-A Standard & Poor's rating for nearly half a century.

7/16/2012

[North Carolina Department of Commerce Editorial Staff]

The State of North Carolina earned a triple-A credit rating from Standard & Poor's (S&P) for 2012. And while this is good news, for North Carolina it is simply business as usual. North Carolina is one of only four states in the U.S. that has maintained a triple-A credit rating from S&P for at least 46 consecutive years.

Stateline, a publication of The Pew Center of the States, recently published an overview of S&P state credit ratings from 2001 through 2012. The ratings benchmark a state’s financial health. A triple-A score, the best possible rating, exhibits a state’s strong capacity to meet financial commitments.

For the state’s taxpayers, the highest rating means lower borrowing costs, which contribute to North Carolina’s lower-cost of doing business and long track record of high ranks for its business climate.

In addition to the S&P top rating, North Carolina also maintains top ratings from Fitch Ratings as well as Moody’s Investors Service.

Read more at Stateline.

Sign up for ThriveNC's industry announcement alerts: SUBSCRIBE
Sign up for ThriveNC's weekly e-newsletters: SUBSCRIBE

Related news:
Labor Force, Incentives & Lifestyle Bring Valley Fine Foods Expansion Project to N.C.
Workforce, Low Costs and Market Access Keep Beverage Company Growing in North Carolina.
North Carolina Ranked Fourth Best State for Business.

Related links:
Financial Incentives in North Carolina
Taxes in North Carolina
Quick Facts About North Carolina