Janet Cowell, the state treasurer of triple-A rated North Carolina, said the state may need to issue bonds or raise new revenue to pay for infrastructure needs.

In an interview with the Fayetteville Observer newspaper Monday, Cowell, a Democrat, said that the state could have a harder time maintaining its bond rating if it does not adopt a long-term plan to meet growing infrastructure needs.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.