ASHEVILLE, N.C. (828newsNOW) — Buncombe County has received top-tier credit ratings on its municipal bonds, with Moody’s Ratings assigning an Aaa rating to the county’s general obligation bonds and an Aa1 rating to its limited obligation bonds, officials announced.
The agency also affirmed the county’s Aaa issuer rating and maintained its Aaa rating on outstanding general obligation unlimited tax debt, while affirming an Aa1 rating on existing limited obligation bonds. Moody’s revised the county’s outlook to stable from negative.
Finance Director Melissa Moore said the ratings reflect the county’s emphasis on fiscal discipline over the past year…