Apply Conservative Debt Management Practices to Maintain the State's AAA Bond Rating​

Overview
A triple-A bond rating indicates that North Carolina has followed well-defined financial management policies and demonstrated strong debt management practices.  Standard and Poor's, Moody's Investors Service, and Fitch Ratings - three primary bond rating agencies - all reaffirmed the "AAA" rating for North Carolina in the 2009-2010 fiscal year.  North Carolina remains one of the only seven states to enjoy top-tier rankings from all three of the rating agencies.

Objectives

• Maintain State Debt Affordability Percentage of 5%
• Increase knowledge and comprehension of General Assembly, local leaders, and other stakeholders on debt capacity guidelines and best practices
• Secure adequate resources (personnel and technology) to ensure effective debt management
• Enable state and local units to optimize financial decision-making