Top global credit-rating agencies reaffirm Missouri’s AAA status

All three top global credit-rating agencies, Fitch Ratings, Moody’s, and Standard & Poor’s, have recently reaffirmed Missouri’s AAA credit rating. The 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. Lower interest rates save taxpayers millions of dollars a year. The flexibility provided by Missouri’s fully funded budget reserves contributed to the top rating.

Missouri has maintained a AAA bond rating from all 3 agencies since 1989- or 24 years.

[Office of Missouri Governor Jay Nixon]