Moody’s Ratings Gives Buncombe County Bonds Strong Long-Term Credit Rating

This week, Buncombe County announced that Moody’s Rating assigned an Aaa rating to Buncombe County’s General Obligation Bonds and an Aa1 rating to the County’s Limited Obligation Bounds. The global rating agency also affirmed the County's Aaa issuer rating, Aaa rating on our outstanding general obligation unlimited tax debt, and an Aa1 rating on outstanding limited obligation bonds, revising our outlook to stable from negative. 

“I am extremely proud of the Buncombe County team for being very intentional about fiscal responsibility and making tough decisions throughout the past year,” said Finance Director Melissa Moore. “Everyone’s dedication and teamwork truly made a difference, and this bond rating stands as a testament to our commitment to fiscal stewardship. By securing the lowest cost of capital possible, we’re able to leverage these bond funds and invest directly into our community.” 

Moody’s reports that the Aaa issuer rating reflects the County's position as a regional economic and employment center in Western North Carolina. Despite challenges immediately following Tropical Storm Helene in early fiscal 2025, the County reported balanced general fund operations and remained in line with County fund balance policy targets. 

“This is another milestone in our recovery,” notes County Manager Avril Pinder. “Our community has worked hard to rebuild after the most devasting storm in North Carolina history. Maintaining our Aaa rating, along with an upgraded outlook is an acknowledgment of the hard work we have done.” For our community, strong financial reserves and liquidity provide meaningful flexibility to manage County operations including ongoing Helene recovery work. 

Additionally, Kroll Bond Rating Agency assigns a long-term rating of AAA to the General Obligation Bonds, Series 2026A, and Taxable General Obligation Bonds, Series 2026B.