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Credit Where its Due: Indiana Keeps its AAA Credit Rating

Friday, February 22, 2019

Moody AAA RatingThree credit rating agencies have all awarded the state of Indiana with another AAA credit rating, the highest rating possible reflecting an exceptional level of creditworthiness. Indiana has held this AAA rating from all three agencies—Standard and Poor’s, Moody’s and Fitch Ratings—consistently since 2010.

"These ratings are evident of Indiana's consistent fiscal integrity, and the hallmark indicator of being good stewards of Hoosier tax dollars," said Indiana Governor Eric Holcomb. "Maintaining our AAA credit ratings, having a balanced budget and continuing to have strong reserves are all key to keeping our economy growing."

The credit agencies cited Indiana's "active budget management, with practices that have been consistently applied to maintain sound reserve levels, including the administration's willingness to use its power to align appropriations with conservative revenue estimates and implement a lower cost structure," (S&P) and the state's strong fiscal governance that "affords the state significant flexibility to be able to successfully weather future economic downturns," (Moody's) as reasons for affirming their AAA credit ratings. Only 11 states other than Indiana hold the AAA rating from all three of these agencies.

Eric J. Holcomb, Governor
State of Indiana
https://www.in.gov/gov/