Moody’s Affirms Cary’s Fiscal Stability with Aaa Bond Rating

Cary, NC - Moody's has affirmed the Town of Cary's Aaa status, underscoring the Town's strong financial management and long-term fiscal stability. The affirmation by Moody's places Cary among a distinct set of communities nationwide that maintain a top-tier credit rating, which helps lower borrowing costs for capital projects such as parks, greenways, streets, public safety facilities, and utility infrastructure that Cary residents rely on and enjoy.

"Moody's reaffirming our Aaa status says a lot about the discipline of this organization and staff, as well as Cary's strong financial position," said Interim Town Manager Russ Overton. "For decades, our team has taken a steady, careful approach to budgeting and planning. Because of that, Cary's residents benefit from lower borrowing costs and our ability to keep investing in the projects our community depends on."

Cary's Aaa rating reflects a consistent track record of sound budgeting practices, strong financial reserves, and responsible planning that positions the Town to manage growth while maintaining financial stability.

Read more about Cary's financial stewardship at carync.gov/acfr. To learn about how Cary sells bonds to help pay for important projects, visit carync.gov/municipalbonds.