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Missouri is the only state in the Midwest with a AAA credit rating

Moody’s Investors Service and Standard & Poor’s have both reaffirmed Missouri’s AAA credit rating, making Missouri once again the only state in the Midwest to earn a triple-A rating from all three ratings agencies.

Fitch Ratings reaffirmed Missouri’s AAA credit status last month.

These ratings, which apply to general obligation bonds issued by the state, help keep borrowing rates low for school districts, local governments and public bodies that borrow money to undertake major projects, Gov. Jay Nixon’s office said Wednesday. Lower interest rates save taxpayers millions of dollars a year, Nixon’s office said.

[St. Louis Business Journal]