Overview

• North Carolina is one of only 13 states with an AAA rating from all three major national bond rating agencies: S&P Global Ratings, Moody’s Investors Service, and Fitch Ratings.
• S&P Global Ratings highlighted the state's tax reforms and strong fiscal management as pivotal to its positive outlook.
• The state has transformed a significant budget deficit into a surplus over the past 15 years, showcasing effective financial governance.
• North Carolina's economic growth, diverse employment sectors, and well-funded pension system support its strong credit profile.
• Republican Treasurer Dale Folwell credits the taxpayers and the General Assembly for maintaining the state's fiscal health, despite his unsuccessful gubernatorial bid.