Wyoming Maintains Highest Credit Rating 

OFFICE OF GOVERNOR MATT MEAD
State Capitol
Cheyenne, WY 82002
Ph. (307) 777-7437


February 1, 2013


******FOR IMMEDIATE RELEASE******

Contact:
Renny MacKay
Communications Director
renny.mackay@wyo.gov


Wyoming Maintains Highest Credit Rating

CHEYENNE, Wyo. –  Standard & Poor’s Ratings Services (S&P) announced that Wyoming will continue to receive a AAA rating, the highest credit rating possible. S&P said the outlook for Wyoming is stable and that its financial management practices are rated as ‘Good.’

S&P made note of several points:

• The state's economic strength in recent years, with above-average population growth, lower-than-average unemployment, and above-average income levels;

• The governor's strong statutory ability to make midbiennium cuts in the event of revenue shortfalls;

• Regular consensus revenue forecasting;

• Wyoming's maintenance of large general fund balances;

• The existence of a permanent fund, whose interest earnings are available for general fund expenditures; and

• Low overall debt and other postemployment benefit (OPEB) liabilities, and a moderate pension liability.

Governor Matt Mead responded to the news saying, “Standard & Poor’s recognized Wyoming’s financial stability when it increased the state’s credit rating in May of 2011. The significance of receiving that increase and its affirmation now show Wyoming is in a very sound position and that we are a good place for companies to invest.”

State Treasurer, Mark Gordon, received the news from S&P. He said, “It is good for our state to be recognized for its fiscal discipline. It is a tribute to leadership, to the diverse and balancing parts of our economy that have contributed to its stability, and most especially to the Wyoming spirit of living within our means. This rating is important as it signals to investors how safe and solid investments in Wyoming, its municipalities, counties, and schools are.”

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Contact

 Office of Governor Matt Mead
Phone: (307) 777-7434
Fax: (307) 632-3909

State Capitol, 200 West 24th Street
Cheyenne WY 82002-0010

Public Schedule

  • Friday, April 18, 2014
    Governor participates in the 20th Annual Wyoming Agriculture in the Classroom Bookmark Celebration
  • Friday, April 18, 2014
    Governor meets with students of the Wyoming Virtual Academy via the internet
  • Thursday, April 17, 2014
    Governor speaks at the Pioneer Printing Open House celebration
  • Thursday, April 17, 2014
    Governor meets with Taiwanese delegation
  • Thursday, April 17, 2014
    Governor talks to Kim Love on Sheridan Media
  • Thursday, April 17, 2014
    Governor signs the Wyoming Lineman Appreciation Day proclamation
  • Wednesday, April 16, 2014
    Governor reads to students as part of Week of the Military Child
  • Wednesday, April 16, 2014
    Governor chairs the State Building Commission meeting
  • Tuesday, April 15, 2014
    Governor meets with Sublette County elected officials
  • Tuesday, April 15, 2014
    Governor participates in the grand opening of the 4-H Livestock Facility
  • Tuesday, April 15, 2014
    Governor participates in event announcing STEM Initiative with QEP and Pinedale High School
  • Tuesday, April 15, 2014
    Governor participates in the ribbon cutting ceremony for the Fort Laramie Rail Facility
  • Monday, April 14, 2014
    Governor participates in the Robing Ceremony for District Judge Catherine Rogers
  • Monday, April 14, 2014
    Governor signs Wyoming Financial Literacy Week proclamation
  • Monday, April 14, 2014
    Governor participates in the Financial Football event