Missouri’s AAA top-grade credit rating has been reaffirmed by Wall Street’s three top credit rating agencies, Gov. Jay Nixon announced Thursday.
Standard & Poor’s Rating Services, along with Moody’s Investors Service and Fitch Ratings, gave Missouri the strongest credit rating possible, citing Nixon’s strong fiscal management to keep the budget in balance.
In reaffirming Missouri’s rating, Standard & Poor’s Rating Services wrote that, “Missouri’s record of taking mid-year corrective budget measures has helped make its credit quality resilient to episodes of weaker-than-forecasted economic and revenue performance.”
Missouri is one of only a few states with a AAA credit rating from all three ratings agencies, which allows the state to benefit from low interest rates and makes long-term capital investments more affordable.
Missouri’s AAA rating has now been reaffirmed 25 times since Nixon took office in 2009.