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, April 26, 2014
    Governor meets with the Sweetwater County Commissioners
  • Friday, April 25, 2014
    Governor speaks at the Cheyenne LEADS Annual Banquet
  • Friday, April 25, 2014
    Governor attends the Click Program/Laramie County School District 1 Underage Drinking Prevention event
  • Thursday, April 24, 2014
    Governor speaks at the Wyoming Chamber Partnership First Annual Awards Dinner
  • Thursday, April 24, 2014
    Governor speaks at the Wyoming County Commissioner Association meeting
  • Thursday, April 24, 2014
    Governor and First Lady read at the STRIDE Learning Center
  • Thursday, April 24, 2014
    Governor and First Lady serve lunch at the Comea Shelter
  • Wednesday, April 23, 2014
    Governor speaks at the retirement ceremony for Marion Loomis
  • Wednesday, April 23, 2014
    Governor meets with Uinta County Officials
  • Wednesday, April 23, 2014
    Governor speaks to the Kemmerer Rotary
  • Wednesday, April 23, 2014
    Governor signs Municipal Clerks’ Week in Wyoming proclamation
  • Wednesday, April 23, 2014
    Governor meets with city leaders from Kemmere
  • Tuesday, April 22, 2014
    Governor recognizes state employees with 15-25 years of service
  • Tuesday, April 22, 2014
    Governor recognizes state employees with 30-35 years of service
  • Tuesday, April 22, 2014
    Governor talks to Val Cook live on KNYN-Evanston