Missouri’s long record of well-managed and balanced financial operations pays off as Fitch Ratings joins Standard & Poors and Moody’s Investor Service in giving Missouri an AAA bond rating.
State Treasurer Sarah Steelman says with all three national services giving Missouri the AAA rating, this state moves into an elite group of six states.
The designation is more than mere window dressing. Steelman points out that an AAA rating tells investors Missouri’s bonds carry the smallest degree of investment risk. And, that saves taxpayers dollars because the higher the rating, the lower the cost of borrowing money.
The other five states with AAA ratings from all three services are Utah, Delaware, Maryland, Georgia, and Virginia.