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, December 19, 2014
    Governor speaks at the Vertical Harvest Ground Breaking
  • Wednesday, December 17, 2014
    Governor speaks at the 7th Annual Menorah Display Lighting Ceremony and Chanukah Party
  • Tuesday, December 16, 2014
    Governor participates in the Wyoming Oil and Gas Conservation Commission hearings
  • Tuesday, December 16, 2014
    Governor talks with Brian Scott live on K2 Radio-Casper
  • Monday, December 15, 2014
    Governor presents his Supplemental Budget to the Legislature’s Joint Appropriations Committee
  • Sunday, December 14, 2014
    Governor and First Lady attend the Sunrise Rotary Foster Kids Christmas Dinner
  • Sunday, December 14, 2014
    Governor and First Lady host Christmas Open House
  • Saturday, December 13, 2014
    Governor participates in the 2014 2Shot Goose Hunt
  • Friday, December 12, 2014
    Governor and First Lady attend retirement celebration for Secretary of State Max Maxfield
  • Friday, December 12, 2014
    Governor and First Lady participate in the 37th Annual Capitol Christmas Tree Lighting Ceremony
  • Friday, December 12, 2014
    Governor meets Mrs. Wyoming 2014, Priscilla Pruitt
  • Wednesday, December 10, 2014
    Governor participates in AARP Wyoming Tele-Town Hall
  • Thursday, December 11, 2014
    Governor chairs the State Loan and Investment Board and State Board of Land Commissioners meetings
  • Wednesday, December 10, 2014
    Governor welcomes new Legislators
  • Wednesday, December 10, 2014
    Governor Serves Lunch at the Comea Shelter