Moody’s affirms Brunswick County’s GO bond rating at Aa2

BOLIVIA, N.C. — Moody’s Investors Service has affirmed Brunswick County’s Aa2 general obligation bond rating, noting the county has a “very high quality credit position.”

Moody’s ratings announcement also notes the County’s “robust” financial position and “small pension burden with an exceptionally low debt liability.”

“The county has a very strong economy and tax base overall,” the announcement adds.

“We are pleased that after a thorough review of the County’s policies and financial standings, Moody’s has affirmed Brunswick County’s general obligation bond rating at Aa2,” said County Manager Ann Hardy. “This is a great report and reflective of the Commissioners’ conservative financial policy.”

Bond ratings are an indication of the county’s creditworthiness, and are similar to an individual’s credit rating as shown when applying for a mortgage or car loan. Positive ratings reflect a stable situation currently, and bode well for the county with future projects and loans.