S&P: Currituck County, NC GO Bond Rating Raised To 'AA+' From 'AA' On Strong Budgetary Performance

S&P Global Ratings raised its underlying rating (SPUR) to 'AA+' from 'AA' on Currituck County, N. C.'s general obligation (GO) bonds. The outlook is stable.

"The raised rating reflects our view of Currituck County's trend of strong budgetary performance over the past several years due to conservative budgeting of economically sensitive revenues and operating expenditures," said S&P Global Ratings credit analyst Sarah Smaardyk.

Currituck County is on North Carolina's northern border, approximately 15 miles from Chesapeake, Va.
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