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, October 04, 2014
    Governor and First Lady attend UW Art Museum Gala, iViva Habana!
  • Friday, October 03, 2014
    Governor speaks at the Cheyenne Chamber of Commerce Luncheon
  • Friday, October 03, 2014
    Governor signs proclamation for National Bullying Prevention Month
  • Friday, October 03, 2014
    Governor signs proclamation for Rett Syndrome Awareness Month
  • Thursday, October 02, 2014
    Governor chairs the State Loan and Investment Board and State Board of Land Commissioners meetings
  • Tuesday, September 30, 2014
    Governor attends the Capitol Building Restoration Oversight Group meeting
  • Tuesday, September 30, 2014
    Governor speaks at the grand opening of the Carbon County Career and Technical Education Center
  • Saturday, September 27, 2014
    Governor speaks at Peabody Energy Leaders in Education Awards Ceremony
  • Saturday, September 27, 2014
    Governor attends Ranch A Restoration Annual Banquet and Fundraiser
  • Thursday, September 25, 2014
    Governor speaks at the Campbell County Affordable Energy Rally
  • Thursday, September 25, 2014
    Governor holds live News Conference and takes general questions
  • Thursday, September 25, 2014
    Governor speaks at the Wyoming Chapter of the National Association of Social Workers Conference Award Luncheon
  • Thursday, September 25, 2014
    Governor speaks at the 87th Annual Convention of the Wyoming Association of County Officers
  • Thursday, September 25, 2014
    Governor greets electeds from Boys State
  • Wednesday, September 24, 2014
    Governor greets City Youth Cowboy Football Team