ATLANTA -- Despite North Carolina's recently enacted fiscal 1992 budget, which was designed to cover a deficit that had been estimated at $1.2 billion, Standard & Poor's Corp. last week said it is maintaining its "negative" outlook on the state's AAA-rated general obligation debt.

"We are still not entirely convinced that the state has worked out a long-term solution to its fiscal problems," William Chew, a Standard & Poor's senior vice president, said Friday. "What we have seen so far are basically interim measures."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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