Haywood County, NC – February 29, 2024 – S&P Global Ratings has announced its assignment of an 'AA+' issuer credit rating to Haywood County, North Carolina, alongside an 'AA' long-term rating for the county's series 2024 anticipated $23 million limited obligation bonds. This decision reflects S&P's confidence in Haywood County's robust and diversified economy, wise fiscal management practices, sustained positive operational performance, and the county's ability to effectively manage long-term liabilities.
S&P Global Ratings is a credit rating agency that publishes financial research and analysis. They are considered the largest credit rating agency in the country.
S&P credit analyst, Michael Parker, noted, "The rating reflects our view of the county's growing and diverse economy, wise management practices, long history of positive operating results, and manageable long-term liabilities that we expect will persist..."
The 'AA+' issuer credit rating signifies a very strong capacity to meet financial commitments, while the 'AA' long-term rating assigned to the county's series 2024 limited obligation bonds denotes a high degree of certainty for timely repayment.
Bryant Morehead, County Manager, commented, "We are pleased with S&P Global Ratings' recognition of Haywood County. This affirmation reinforces our commitment to maintaining a strong financial foundation while strategically investing in the future of our community."
Haywood County has demonstrated resilience and adaptability, maintaining a steady economic trajectory even as things change around us. The county's commitment to fiscal responsibility and strategic resource allocation has enabled it to effectively navigate challenges while sustaining growth opportunities.
This latest rating affirmation underscores Haywood County's position as a stable and reliable investment destination, fostering confidence among stakeholders and investors alike, further enhancing the county's economic vitality and quality of life for residents.
Haywood County officials express gratitude for the continued recognition from S&P Global Ratings and all the county staff who have worked tirelessly to make this accomplishment possible. It reaffirms our dedication to sound financial management and sustainable growth strategies.
S&P’s full credit analysis for Haywood County can be found here.