List of U.S. states by credit rating

Last updated

Credit ratings for state debt from S&P Global as of May 2021:
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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. The list is given as of May 2021.

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−Aa3 [2] [4] A+April 13, 2022 [5]
Arizona AAAa1 [2] [6]
Arkansas AAAa1 [2]
California AA−Aa2 [2] AAMarch 1, 2022 [7]
Colorado AAAa1 [2] [8]
Connecticut AAa3 [2] [9] AA−May 24, 2022 [10]
Delaware AAAAaa [2] [11] AAAFebruary 9, 2022 [12]
District of Columbia AA+November 2, 2021 [13]
Florida AAAAaa [2] AAAJune 23, 2022 [14]
Georgia AAAAaa [2] [15] AAAJune 6, 2022 [16]
Hawaii AA+Aa2 [2] AASeptember 17, 2021 [17]
Idaho AA+Aaa [2] [18] AAANovember 4, 2021 [19]
Illinois A−A3 [2] [20] A−November 7, 2023 [21]
Indiana AAAAaa [2] [22] AAASeptember 17, 2021 [23]
Iowa AAAAaa [2] [24] AAADecember 8, 2021 [25]
Kansas AA−Aa2 [2] [26]
Kentucky AAa3 [2] AA−April 28, 2022 [27]
Louisiana AA−Aa3 [2] AA−March 18, 2022 [28]
Maine AAAa2 [2] [29] AANovember 9, 2021 [30]
Maryland AAAAa1 [2] [31] AAAJune 1, 2022 [32]
Massachusetts AAAa1 [2] [33] AA+September 10, 2021 [34]
Michigan AAAa1 [2] [35] AA+July 21, 2022 [36]
Minnesota AAAAa1 [2] [37] AAAAugust 5, 2022 [38]
Mississippi AAAa2 [2] [39] AANovember 8, 2021 [40]
Missouri AAAAaa [2] AAAOctober 7, 2021 [41]
Montana AAAa1 [2] AA+August 26, 2021 [42]
Nebraska AAAAa1 [2]
Nevada AA+Aa1 [2] AA+April 20, 2022 [43]
New Hampshire AAAa1 [2] [44] AA+March 3, 2022 [45]
New Jersey AA2 [2] A−April 12, 2023 [46]
New Mexico AAAa2 [2]
New York AA+Aa2 [2] [47] AA+July 8, 2022 [48]
North Carolina AAAAaa [2] [49] AAAJuly 1, 2022 [50]
North Dakota AA+Aa1 [2]
Ohio AAAAaa [2] [51] AAAAugust 30, 2023 [52]
Oklahoma AAAa2 [2] AAApril 21, 2022 [53]
Oregon AA+Aa1 [2] [54] AA+April 29, 2022 [55]
Pennsylvania A+Aa3 [2] [56] AA−April 11, 2022 [57]
Rhode Island AAAa2 [2] [58] AASeptember 28, 2021 [59]
South Carolina AA+Aaa [2] [60] AAAJune 1, 2022 [61]
South Dakota AAAAaa [2] AAAOctober 13, 2021 [62]
Tennessee AAAAaa [2] [63] AAAJanuary 20, 2022 [64]
Texas AAAAaa [2] [65] AAAMarch 24, 2022 [66]
Utah AAAAaa [2] [67] AAAApril 22, 2022 [68]
Vermont AA+Aa1 [2] [44] AA+April 6, 2022 [69]
Virginia AAAAaa [2] [56] AAAJune 28, 2022 [70]
Washington AA+Aaa [2] [71] AA+April 15, 2022 [72]
West Virginia AA−Aa2 [2] [73] AAMay 2, 2022 [74]
Wisconsin AAAa1 [2] AA+January 10, 2022 [75]
Wyoming AAn/a [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 2021-05-11.
  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 (DC) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  14. "Florida, State of (FL) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  15. "Rating Reports - G.O. Bonds". Georgia State Financing and Investment Commission. Retrieved 2021-05-11.
  16. "Georgia, State of (GA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  17. "Hawaii, State of (HI) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  18. Idaho State Treasurer's Office. "Credit Rating Enhancement Committee (CREC)". sto.idaho.gov. Retrieved 2021-05-11.
  19. "Idaho, State of (ID) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  20. "Bond Ratings". illinoiscomptroller.govfinancial-reports-data. The Illinois Office of Comptroller. Retrieved 16 March 2023.
  21. "Illinois, State of (IL) [General Government]". Fitch Ratings .
  22. Indiana Finance Authority (2020-10-05). "Credit Ratings". in.gov. Retrieved 2021-05-11.
  23. "Indiana, State of (IN) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  24. "Iowa Remains at the Top of Credit Rating Scales". www.iowatreasurer.gov. 2020-02-19. Retrieved 2021-05-11.
  25. "Iowa, State of (IA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  26. "Kansas, State of (KS) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  27. "Kentucky, Commonwealth of (KY) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  28. "Louisiana, State of (LA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  29. Maine Office of the State Treasurer. "Debts & Bonds: Bond Ratings". www.maine.gov. Retrieved 2021-05-11.
  30. "Maine, State of (ME) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  31. Maryland State Treasurer. "Rating Agency Reports". www.treasurer.state.md.us. Retrieved 2021-05-11.
  32. "Maryland, State of (MD) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  33. "Ratings Reports". www.massbondholder.com. Retrieved 2021-05-11.
  34. "Massachusetts, Commonwealth of (MA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  35. Michigan Department of Treasury. "Credit Rating". www.michigan.gov. Retrieved 2021-05-11.
  36. "Michigan, State of (MI) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  37. "Minnesota's Bond Ratings". mn.gov. Retrieved 2021-05-11.
  38. "Minnesota, State of (MN) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  39. "Bonds and Debt". ms.gov. Retrieved 2020-05-11.
  40. "Mississippi, State of (MS) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  41. "Missouri, State of (MO) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  42. "Montana, State of (MT) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  43. "Nevada, State of (NV) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  44. 1 2 Vermont Treasurer. "STATE BOND RATINGS REPORT". vermonttreasurer.gov. Retrieved 2020-05-11.
  45. "New Hampshire, State of (NH) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  46. "New Jersey, State of (NJ) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  47. "Credit Ratings | Investor's Guide". www.budget.ny.gov. Retrieved 2021-05-11.
  48. "New York, State of (NY) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  49. "Treasurer Folwell Announces "AAA" Bond Ratings for NC". www.nctreasurer.com. Retrieved 2021-05-11.
  50. "North Carolina, State of (NC) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  51. Ohio Governor Mike DeWine. "Ohio Earns Coveted "AAA/Aaa/AAA" Ratings from All Three Major Credit Bureaus" . Retrieved 2024-01-25.
  52. "Ohio, State of (OH) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  53. "Oklahoma, State of (OK) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  54. Oregon State Treasury. "Oregon Bonds FAQs". www.oregon.gov. Retrieved 2021-05-11.
  55. "Oregon, State of (OR) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  56. 1 2 "Fiscal Health Scorecard". Pennsylvania Treasury Transparency Portal. Retrieved 2021-05-11.
  57. "Pennsylvania, Commonwealth of (PA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  58. "Credit Ratings". Rhode Island Office of the General Treasurer. Retrieved 2021-05-11.
  59. "Rhode Island, State of (RI) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  60. "State Credit Ratings". SC Office of the State Treasurer. Retrieved 2021-05-11.
  61. "South Carolina, State of (SC) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  62. "South Dakota, State of (SD) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  63. "Tennessee's Credit Rating Now at the Top". www.tn.gov. 2016-05-31. Retrieved 2021-05-11.
  64. "Tennessee, State of (TN) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  65. "State of Texas Debt". Texas Bond Review Board. Retrieved 2021-05-11.
  66. "Texas, State of (TX) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  67. 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.
  68. "Utah, State of (UT) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  69. "Vermont, State of (VT) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  70. "Virginia, Commonwealth of (VA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  71. "Credit Ratings Remain High as Washington Prepares to Issue New Debt". Washington State Treasurer. 2020-07-01. Retrieved 2021-05-11.
  72. "Washington, State of (WA) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  73. "State of West Virginia Credit Ratings". investorrelations.wv.gov. Retrieved 2020-05-11.
  74. "West Virginia, State of (WV) [General Government]". Fitch Ratings . Retrieved 2022-08-12.
  75. "Wisconsin, State of (WI) [General Government]". Fitch Ratings . Retrieved 2022-08-12.