There are some who want to make a big deal about Raleigh’s debt. In reality, Raleigh’s AAA rating has been earned over decades and provide our city with the cheapest financing for making our investments in our city.

It’s smart money.

Fitch Ratings has assigned its highest Triple A rating to two new general obligation bond packages, totalling $34.5 million, being sold by the City of Raleigh.

The agency also reaffirmed the AAA status of the city’s other $219 million in outstanding general obligation, or GO, bonds. The ratings outlook is stable.

via New Raleigh bonds earn Triple A rating from Fitch – Triangle Business Journal.