INDIANAPOLIS, Ind. (WTWO/WAWV) — The State of Indiana has earned a AAA credit rating from all three credit-rating agencies for the 16th year in a row.
According to the Indiana Finance Authority, every year Indiana is rated by three credit rating agencies — Standard & Poors, Moody’s and Fitch— to “make sure proper due diligence is performed for investors in the capital markets.”
The AAA rating is the highest rating possible, and the Office of Governor Mike Braun said, receiving this rating “demonstrates the State’s leadership in disciplined fiscal management, economic resilience and long-term financial stability.”
“Indiana’s AAA rating is more than a financial milestone,” said Governor Mike Braun. “It’s a signal to taxpayers, investors, and businesses that our state is well-managed, fiscally responsible, and focused on delivering growth for Hoosiers throughout the State.”
“Indiana has active budget management, low debt, strong and transparent fiscal policies, and budgetary reserves that provide the foundation for an economy that has benefited from recent economic-development investments, said S&P Global, Moody’s, and Fitch respectively,” according to a press release.
“The AAA rating is the gold standard and allows Indiana to borrow at lower interest rates,” said Indiana Secretary of Management and Budget Lisa Hershman. “That saves taxpayer dollars and strengthens the state’s ability to invest in infrastructure, education, and public services. It also strengthens Indiana’s competitive edge in attracting new business and expanding economic opportunity statewide.”
To read more about Indiana’s credit rating, click here.
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