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 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
  • Thursday, October 23, 2014
    Governor speaks at the Marian H. Rochelle Gateway Center Grand Opening Appreciation Dinner
  • Thursday, October 23, 2014
    speaks at the Wyoming Taxpayers Association 77th Annual Meeting Membership Luncheon
  • Thursday, October 23, 2014
    Governor serves lunch at the Veterans Stand Down Event in Support of Veterans and Homeless Veterans
  • Thursday, October 23, 2014
    Governor signs Assistance Dog Awareness Month proclamation
  • Wednesday, October 22, 2014
    Governor signs Medical Ultrasound Awareness Month proclamation
  • Wednesday, October 22, 2014
    Governor speaks with Don Carpenter live on KIML Radio - Gillette
  • Tuesday, October 21, 2014
    Governor Speaks at the Casper Crude to Rail Terminal Grand Opening
  • Tuesday, October 21, 2014
    Governor speaks at the Governor’s Third Annual Broadband Summit
  • Monday, October 20, 2014
    Governor signs National Pro Bono Week proclamation
  • Monday, October 20, 2014
    Governor speaks with Darian Dudrick live on KODI Radio - Cody
  • Saturday, October 18, 2014
    Governor and First Lady attend University of Wyoming vs. San Jose Spartans Football Game
  • Saturday, October 18, 2014
    Governor and First Lady participate in the University of Wyoming Homecoming Parade
  • Friday, October 17, 2014
    Governor attends Annual Homecoming Recognition Dinner Honoring Distinguished Alumni