One of the three major bond rating agencies has reaffirmed Indiana’s AAA credit rating.
In a report released earlier this week, Standard and Poor’s cited steps the state has taken to maintain structural balance, growth in reserve levels and continued funding of long-term liabilities.
AAA is the highest possible rating of the state’s finances. Indiana has held the coveted rating with Standard and Poor’s, Moody’s and Fitch Ratings since April of 2010. State officials say it signals Indiana is a strong and stable environment for investment, growth, and keeping more of what they earn.
Gov. Pence credits Indiana’s record of “passing honestly balanced budgets, [and] maintaining sufficient reserves while cutting taxes for working Hoosiers and employers.”