Research Update: North Carolina GO Bond Rating Affirmed At'AAA', Appropriation Debt Rating Affirmed At'AA+'; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: North Carolina GO Bond Rating Affirmed At'AAA', Appropriation Debt Rating Affirmed At'AA+'; Outlook Stable

Research Update: North Carolina GO Bond Rating Affirmed At'AAA', Appropriation Debt Rating Affirmed At'AA+'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: North Carolina GO Bond Rating Affirmed At'AAA', Appropriation Debt Rating Affirmed At'AA+'; Outlook Stable
Published Oct 30, 2026
Published Oct 30, 2026
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings affirmed its'AAA'rating on the State of North Carolina's general obligation (GO) bonds. At the same time, we affirmed our'AA+'rating on the state's appropriation debt. The outlook on all ratings is stable. The state's full faith and credit and taxing power secure its GO debt. We rate North Carolina’s appropriation-backed debt outstanding based on the application of our"Issue Credit Ratings Linked To U.S. Public Finance Obligors'Creditworthiness"criteria, Nov. 20, 2019. The one-notch differential between the appropriation rating and the North Carolina GO rating reflects our view of the risks associated with nonappropriation. North Carolina’s credit profile reflects our view of the state’s well-defined financial management policies, a commitment to

  
Report Type:

Research Update

Issuer
North Carolina
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: North Carolina GO Bond Rating Affirmed At'AAA', Appropriation Debt Rating Affirmed At'AA+'; Outlook Stable" Oct 30, 2026. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-North-Carolina-GO-Bond-Rating-Affirmed-At-AAA-Appropriation-Debt-Rating-Affirmed-At-AA-Outlook-Stable-3652788>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: North Carolina GO Bond Rating Affirmed At'AAA', Appropriation Debt Rating Affirmed At'AA+'; Outlook Stable Oct 30, 2026. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-North-Carolina-GO-Bond-Rating-Affirmed-At-AAA-Appropriation-Debt-Rating-Affirmed-At-AA-Outlook-Stable-3652788>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.