List of U.S. states by credit rating

Last updated

Credit ratings for state debt from S&P Global as of May 2021: .mw-parser-output .legend{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .legend-color{display:inline-block;min-width:1.25em;height:1.25em;line-height:1.25;margin:1px 0;text-align:center;border:1px solid black;background-color:transparent;color:black}.mw-parser-output .legend-text{} AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- and below State-credit-rating-S&P-May21.png
Credit ratings for state debt from S&P Global as of May 2021:
  AAA
  AA+
  AA
  AA−
  A+
  A
  A−
  BBB+
  BBB
  BBB− and below
Credit ratings for state debt from Moody's as of May 2021: Aaa Aa1 Aa2 Aa3 A1 A2 A3 Baa1 Baa2 Baa3 and below Not rated State-credit-rating-Moody's-May21.png
Credit ratings for state debt from Moody's as of May 2021:
  Aaa
  Aa1
  Aa2
  Aa3
  A1
  A2
  A3
  Baa1
  Baa2
  Baa3 and below
  Not rated
Credit ratings for state debt from Fitch as of May 2021: AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- and below Not rated State-credit-rating-fitch-May21.png
Credit ratings for state debt from Fitch as of May 2021:
  AAA
  AA+
  AA
  AA−
  A+
  A
  A−
  BBB+
  BBB
  BBB− and below
  Not rated

This is a list of U.S. states by credit rating, showing credit ratings for sovereign bonds as reported by the three major credit rating agencies: Standard & Poor's, Fitch and Moody's.

Contents

List of general obligation bond rankings

StateS&P Global [1] Moody'sRef. Fitch Ratings
RatingDateRef.
Alabama AAAa1 [2] AA+May 10, 2022 [3]
Alaska AA−Aa2 [2] [4] A+April 13, 2022 [5]
Arizona AAAa1 [2] — [6]
Arkansas AA+Aa1 [2] —
California AA−Aa2 [2] AAMarch 1, 2022 [7]
Colorado AAAa1 [2] — [8]
Connecticut AA−Aa3 [2] [9] AA−May 24, 2022 [10]
Delaware AAAAaa [2] [11] AAAFebruary 9, 2022 [12]
District of Columbia AA+Aa1 [13] [14] AA+November 2, 2021 [15]
Florida AAAAaa [2] AAAJune 23, 2022 [16]
Georgia AAAAaa [2] [17] AAAJune 6, 2022 [18]
Hawaii AA+Aa2 [2] AASeptember 17, 2021 [19]
Idaho AA+Aaa [2] [20] AAANovember 4, 2021 [21]
Illinois A−A2 [2] [22] A−November 7, 2023 [23]
Indiana AAAAaa [2] [24] AAASeptember 17, 2021 [25]
Iowa AAAAaa [2] [26] AAADecember 8, 2021 [27]
Kansas AA−Aa2 [2] — [28]
Kentucky A+Aa2 [2] AAMay 11, 2023 [29]
Louisiana AAAa2 [2] AA−March 18, 2022 [30]
Maine AAAa1 [2] [31] AANovember 9, 2021 [32]
Maryland AAAAa1 [2] [33] AAAJune 1, 2022 [34]
Massachusetts AA+Aa1 [2] [35] AA+September 10, 2021 [36]
Michigan AAAa1 [2] [37] AA+July 21, 2022 [38]
Minnesota AAAAaa [2] [39] AAAAugust 5, 2022 [40]
Mississippi AAAa2 [2] [41] AANovember 8, 2021 [42]
Missouri AAAAaa [2] AAAOctober 7, 2021 [43]
Montana —Aa1 [2] AA+August 26, 2021 [44]
Nebraska AAAAaa [2] —
Nevada AA+Aa1 [2] AA+April 20, 2022 [45]
New Hampshire AA+Aa1 [2] [46] AA+March 3, 2022 [47]
New Jersey AAa3 [2] A+April 10, 2023 [48]
New Mexico AAAa2 [2] —
New York AA+Aa1 [2] [49] AA+July 8, 2022 [50]
North Carolina AAAAaa [2] [51] AAAJuly 1, 2022 [52]
North Dakota AA+Aa1 [2] —
Ohio AAAAaa [2] [53] AAAAugust 30, 2023 [54]
Oklahoma AA+Aa1 [2] AAApril 21, 2022 [55]
Oregon AA+Aa1 [2] [56] AA+April 29, 2022 [57]
Pennsylvania A+Aa2 [2] [58] AANovember 27, 2023 [59]
Rhode Island AAAa2 [2] [60] AASeptember 28, 2021 [61]
South Carolina AA+Aaa [2] [62] AAAJune 1, 2022 [63]
South Dakota AAAAaa [2] AAAOctober 13, 2021 [64]
Tennessee AAAAaa [2] [65] AAAJanuary 20, 2022 [66]
Texas AAAAaa [2] [67] AAAMarch 24, 2022 [68]
Utah AAAAaa [2] [69] AAAApril 22, 2022 [70]
Vermont AA+Aa1 [2] [46] AA+April 6, 2022 [71]
Virginia AAAAaa [2] [58] AAAJune 28, 2022 [72]
Washington AA+Aaa [2] [73] AA+April 15, 2022 [74]
West Virginia AA−Aa2 [2] [75] AAMay 2, 2022 [76]
Wisconsin AA+Aa1 [2] AA+January 10, 2022 [77]
Wyoming AA— [2] —

Historic S&P Global Rankings

State202120202019201820172016201520142013201220112010200920082007200620052004200320022001
Alabama AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Alaska AA−AA−AAAAAAAA+AAAAAAAAAAAAAA+AA+AA+AA+AAAAAAAAAANRNR
Arizona AAAAAAAAAAAAAAAA−AA−AA−AA−AA−AA−AAAAAAAAAAAA−AA−NR
Arkansas AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
California AA−AA−AA−AA−AA−AA−AA−AAA−A−A−AA+A+A+AABBBAA+
Colorado AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA−AA−AA−AA−AA−AA
Connecticut AAAAA+AA−AAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Delaware AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Florida AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+AA+AA+AA+
Georgia AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Hawaii AA+AA+AA+AA+AA+AA+AAAAAAAAAAAAAAAAAAAA−AA−AA−AA−AA−AA−
Idaho AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AAAAAAAAAAAAAAAAAAAA
Illinois A-A−A−A−A−A-A−A−A−AA+A+A+AAAAAAAAAAAAAAAA
Indiana AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+AA+AAAAAA+AA+AA+
Iowa AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+AA+AA+AA+AA+AA+AA+
Kansas AA−AA−AA−AA−AA−AA−AAAA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+
Kentucky AAAAA+A+A+AA−AA−AA−AA−AA−AA−AA−AA−AA−AA−AA−AA−AA−AA
Louisiana AA−AA−AA−AA−AA−AAAAAAAAAAAAAA−AA−A+AAAA+A+AA
Maine AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA−AA−AAAA+AA+AA+
Maryland AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Massachusetts AAAAAAAAAAAA+AA+AA+AA+AA+AAAAAAAAAAAAAAAA−AA−AA−AA−
Michigan AAAAAAAAAA−AA−AA−AA−AA−AA−AA−AA−AA−AA−AA−AAAAAA+AA+AAAAAA
Minnesota AAAAAAAAAAAAAA+AA+AA+AA+AA+AA+AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Mississippi AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Missouri AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Montana AAAAAAAAAAAAAAAAAAAAAAAAAAAAAA−AA−AA−AA−AA−AA−AA−
Nebraska AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+AA+AA+AA+AA+AA+AA+AA+AA+AA+
Nevada AA+AA+AA+AAAAAAAAAAAAAAAAAA+AA+AA+AA+AA+AAAAAAAAAA
New Hampshire AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA+AA+
New Jersey BBB+BBB+A−A−A−AAA+AA−AA−AA−AAAAAAAAAAAAAA−AAAAAA+
New Mexico AAAAAAAAAAAAAA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+
New York AA+AA+AA+AA+AA+AA+AA+AAAAAAAAAAAAAAAAAAAAAAAAAAAA
North Carolina AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
North Dakota AA+AA+AA+AA+AA+AA+AAAAAAAAAAA+AA+AA+AA+AAAAAAAAAA−AA−AA−AA−
Ohio AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+
Oklahoma AAAAAAAAAAAA+AA+AA+AA+AA+AA+AA+AA+AA+AAAAAAAAAAAAAA
Oregon AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AAAAAAAAAA−AA−AA−AA−AAAA
Pennsylvania A+A+A+A+AA−AA−AA−AAAAAAAAAAAAAAAAAAAAAAAAAAAA
Rhode Island AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA−AA−AA−AA−
South Carolina AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AAAAAAAAAAAA
South Dakota AAAAAAAAAAAAAAAAAAAAAAA+AA+AA+AA+AAAAAAAAAANRNRNRNRNR
Tennessee AAAAAAAAAAAAAAAAAAAA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AAAAAAAAAA
Texas AAAAAAAAAAAAAAAAAAAAAAAAAAAAA+AA+AA+AA+AAAAAAAAAAAAAAAA
Utah AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Vermont AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+
Virginia AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Washington AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+AAAAAAAA+AA+AA+
West Virginia AA−AA−AA−AA−AA−AA−AAAAAAAAAAAAAAAA−AA−AA−AA−AA−AA−AA−AA−
Wisconsin AAAAAAAAAAAAAAAAAAAAAAAAAAAAAA−AA−AA−AA−AA−AA−AA
Wyoming AAAAAA+AA+AA+AAAAAAAAAAAAAAAAAAAA+AA+AA+AAAAAAAAAAAAAA
Source: [1]

See also

References

  1. 1 2 "History Of U.S. State Ratings". S&P Global. Retrieved 2021-05-11.
  2. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 California State Treasurer. "California's Current Credit Ratings". www.treasurer.ca.gov. Retrieved 2025-06-13.
  3. ↑ "Alabama, State of (AL) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  4. ↑ "Alaska Credit Ratings". treasury.dor.alaska.gov. Retrieved 2021-05-11.
  5. ↑ "Alaska, State of (AK) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  6. ↑ "Arizona, State of (AZ) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  7. ↑ "California, State of (CA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  8. ↑ "Colorado, State of (CO) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  9. ↑ "State of Connecticut Bond Ratings" . Retrieved 2021-05-11.
  10. ↑ "Connecticut, State of (CT) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  11. ↑ "Rating Agencies' Credit Reports". Department of Finance - State of Delaware. Retrieved 2021-05-11.
  12. ↑ "Delaware, State of (DE) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  13. ↑ "District of Columbia Bonds Ratings" . Retrieved 2025-06-13.
  14. ↑ "CFO Glen Lee Issues Statement on Moody's Downgrade, Cites Strong Financial Management". District of Columbia Office of the Chief Financial Officer. 2025-04-23. Retrieved 2025-06-13.
  15. ↑ "District of Columbia (DC) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  16. ↑ "Florida, State of (FL) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  17. ↑ "Rating Reports - G.O. Bonds". Georgia State Financing and Investment Commission. Retrieved 2021-05-11.
  18. ↑ "Georgia, State of (GA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  19. ↑ "Hawaii, State of (HI) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  20. ↑ Idaho State Treasurer's Office. "Credit Rating Enhancement Committee (CREC)". sto.idaho.gov. Retrieved 2021-05-11.
  21. ↑ "Idaho, State of (ID) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  22. ↑ "Bond Ratings". illinoiscomptroller.govfinancial-reports-data. The Illinois Office of Comptroller. Retrieved 16 March 2023.
  23. ↑ "Illinois, State of (IL) [General Government]". Fitch Ratings . Retrieved 2025-06-13.
  24. ↑ Indiana Finance Authority (2020-10-05). "Credit Ratings". in.gov. Retrieved 2021-05-11.
  25. ↑ "Indiana, State of (IN) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  26. ↑ "Iowa Remains at the Top of Credit Rating Scales". www.iowatreasurer.gov. 2020-02-19. Retrieved 2021-05-11.
  27. ↑ "Iowa, State of (IA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  28. ↑ "Kansas, State of (KS) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  29. ↑ "Kentucky, Commonwealth of (KY) [General Government]". Fitch Ratings . Retrieved 2025-06-13.
  30. ↑ "Louisiana, State of (LA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  31. ↑ Maine Office of the State Treasurer. "Debts & Bonds: Bond Ratings". www.maine.gov. Retrieved 2021-05-11.
  32. ↑ "Maine, State of (ME) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  33. ↑ Maryland State Treasurer. "Rating Agency Reports". www.treasurer.state.md.us. Retrieved 2021-05-11.
  34. ↑ "Maryland, State of (MD) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  35. ↑ "Ratings Reports". www.massbondholder.com. Retrieved 2021-05-11.
  36. ↑ "Massachusetts, Commonwealth of (MA) [General Government]". Fitch Ratings . Retrieved 2025-06-13.
  37. ↑ Michigan Department of Treasury. "Credit Rating". www.michigan.gov. Retrieved 2021-05-11.
  38. ↑ "Michigan, State of (MI) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  39. ↑ "Minnesota's Bond Ratings". mn.gov. Retrieved 2021-05-11.
  40. ↑ "Minnesota, State of (MN) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  41. ↑ "Bonds and Debt". ms.gov. Retrieved 2020-05-11.
  42. ↑ "Mississippi, State of (MS) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  43. ↑ "Missouri, State of (MO) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  44. ↑ "Montana, State of (MT) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  45. ↑ "Nevada, State of (NV) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  46. 1 2 Vermont Treasurer. "STATE BOND RATINGS REPORT". vermonttreasurer.gov. Retrieved 2020-05-11.
  47. ↑ "New Hampshire, State of (NH) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  48. ↑ "New Jersey, State of (NJ) [General Government]". Fitch Ratings . Retrieved 2025-06-13.
  49. ↑ "Credit Ratings | Investor's Guide". www.budget.ny.gov. Retrieved 2021-05-11.
  50. ↑ "New York, State of (NY) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  51. ↑ "Treasurer Folwell Announces "AAA" Bond Ratings for NC". www.nctreasurer.com. Retrieved 2021-05-11.
  52. ↑ "North Carolina, State of (NC) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  53. ↑ Ohio Governor Mike DeWine. "Ohio Earns Coveted "AAA/Aaa/AAA" Ratings from All Three Major Credit Bureaus" . Retrieved 2024-01-25.
  54. ↑ "Ohio, State of (OH) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  55. ↑ "Oklahoma, State of (OK) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  56. ↑ Oregon State Treasury. "Oregon Bonds FAQs". www.oregon.gov. Retrieved 2021-05-11.
  57. ↑ "Oregon, State of (OR) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  58. 1 2 "Fiscal Health Scorecard". Pennsylvania Treasury Transparency Portal. Retrieved 2021-05-11.
  59. ↑ "Pennsylvania, Commonwealth of (PA) [General Government]". Fitch Ratings . Retrieved 2025-06-13.
  60. ↑ "Credit Ratings". Rhode Island Office of the General Treasurer. Retrieved 2021-05-11.
  61. ↑ "Rhode Island, State of (RI) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  62. ↑ "State Credit Ratings". SC Office of the State Treasurer. Retrieved 2021-05-11.
  63. ↑ "South Carolina, State of (SC) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  64. ↑ "South Dakota, State of (SD) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  65. ↑ "Tennessee's Credit Rating Now at the Top". www.tn.gov. 2016-05-31. Retrieved 2021-05-11.
  66. ↑ "Tennessee, State of (TN) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  67. ↑ "State of Texas Debt". Texas Bond Review Board. Retrieved 2021-05-11.
  68. ↑ "Texas, State of (TX) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  69. ↑ Utah Office of State Treasurer. "Utah maintains AAA credit rating from all major rating agencies, saves taxpayer dollars on transportation projects". treasurer.utah.gov. Retrieved 2021-05-11.
  70. ↑ "Utah, State of (UT) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  71. ↑ "Vermont, State of (VT) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  72. ↑ "Virginia, Commonwealth of (VA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  73. ↑ "Credit Ratings Remain High as Washington Prepares to Issue New Debt". Washington State Treasurer. 2020-07-01. Retrieved 2021-05-11.
  74. ↑ "Washington, State of (WA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  75. ↑ "State of West Virginia Credit Ratings". investorrelations.wv.gov. Retrieved 2020-05-11.
  76. ↑ "West Virginia, State of (WV) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  77. ↑ "Wisconsin, State of (WI) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
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