Thirteen states hold a AAA S&P credit rating in 2011

From Ballotpedia
Revision as of 16:28, 15 August 2011 by Jacqueline (Talk | contribs)

Jump to: navigation, search

August 15, 2011

NEW YORK, New York: Last week, the federal government experienced its first ever Standard & Poor's credit downgrade. As it stands, many states are now in better credit standing than Washington D.C.[1]

2011 S&P state credit ratings as of August 15

According to a recent report by Stateline, 13 states currently hold an S&P AAA credit rating:[1]

Six states have been given an S&P rating upgrade this year. They are Idaho, Louisiana, Nebraska, Oregon, South Dakota and Wyoming.

Along with the federal government, two states have been downgraded this year. New Jersey holds the third-lowest ranking with a AA- rating, and Nevada was recently downgraded from a AA+ to a AA. The states with the lowest credit ratings are currently Illinois and California. Illinois is rated at A+, California A-.[1]

The rating scale in its entirety is as follows: AAA, AA+, AA, AA-, A+, A, A-, BBB+, BBB, BBB-, BB+, BB, BB-, B+, B, B-, CCC+, CCC, CCC-, CC, C, D. [2]

External links

References