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

  • Saturday, November 01, 2014
    Governor and First Lady attends the Cowboys Against Cancer 20th Anniversary Event
  • Saturday, November 01, 2014
    Governor and First Lady greet participants in the Comea House 5K Turkey Trot and Gobble Wobble Kids Fun Run
  • Friday, October 31, 2014
    Governor and First Lady welcome trick or treaters
  • Thursday, October 30, 2014
    Governor speaks at the 2nd Annual Landscape Discussion on Energy Law and Policy in the Rockies
  • Wednesday, October 29, 2014
    Governor speaks at the Wyoming Water Association Annual Meeting Luncheon
  • Wednesday, October 29, 2014
    Governor speaks with Brian Scott live on K2 Radio - Casper
  • Tuesday, October 28, 2014
    Governor and First Lady attend funeral services for the Honorable Clarence A. Brimmer
  • Tuesday, October 28, 2014
    Governor serves lunch at the Comea Shelter
  • Tuesday, October 28, 2014
    Governor speaks at the Chick-fil-A Ground “Moooving” Ceremony
  • Tuesday, October 28, 2014
    Governor speaks with Scott Mangold live on KPOW Radio
  • Monday, October 27, 2014
    Governor signs Disability Employment Awareness Month proclamation
  • Monday, October 27, 2014
    Governor signs Pancreatic Cancer Awareness Month proclamation
  • Monday, October 27, 2014
    Governor tapes interview with Jim Thoeney of KMER Radio - Kemmerer
  • Saturday, October 25, 2014
    Governor speaks at the Military Department’s Governor’s Reception
  • Friday, October 24, 2014
    Governor speaks at the Ribbon Cutting/Grand Opening of the Marian H. Rochelle Gateway Center