CARRBORO, NC -- Moody’s recently evaluated the Town of Carrboro’s financial condition and assigned a credit rating of Aa1.
“This rating is the highest of high quality and is only one notch below the highest possible rating of Aaa,” Town Manager David Andrews said. “Additionally, the Town of Carrboro is rated AAA by Standard & Poor’s, which is the best rating possible.”
Part of an annual review, the ratings are key indicators of the Town’s financial strength. This allows the Town to borrow funds at the best possible interest rates, saving taxpayers money.
“This report reflects the wise stewardship of our financial resources,” Andrews said.
The Town of Carrboro Finance Department is led by Director Arche McAdoo.
For more information about the Town of Carrboro budget and debt management, visit http://townofcarrboro.org/175/Finance