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

  • Sunday, September 21, 2014
    Governor attends the Masonic Lodge Presentation and Sealing of the Time Capsule.
  • Sunday, September 21, 2014
    Governor speaks at the Jackson Centennial Celebration and signs a proclamation recognizing the centennial.
  • Sunday, September 21, 2014
    Governor participates in the R Park and Snake River Bridge ribbon cutting and celebration.
  • Saturday, September 20, 2014
    Governor competes in the One Shot Antelope Hunt.
  • Friday, September 19, 2014
    Governor attends One Shot Antelope Hunt events.
  • Thursday, September 18, 2014
    Governor attends One Shot Antelope Hunt events.
  • Thursday, September 18, 2014
    Governor speaks at the 18th Annual Wyoming Oil and Gas Fair.
  • Tuesday, September 16, 2014
    Governor signs Wyoming Archaeology Awareness Month proclamation.
  • Tuesday, September 16, 2014
    Governor meets with the Wyoming Energy, Engineering, STEM Integration Task Force.
  • Tuesday, September 16, 2014
    Governor meets with Wyoming Funeral Directors Association for photos.
  • Tuesday, September 16, 2014
    Governor speaks to the Wyoming Association of Realtors at the 62nd Annual State Convention.
  • Tuesday, September 16, 2014
    Governor speaks at the 16th Annual Boys and Girls Club of Central Wyoming Awards and Recognition Breakfast.
  • Thursday, September 11, 2014
    Governor speaks at the Wyoming Economic Development Association and Wyoming State Chamber of Commerce Fall Economic Development Conference.
  • Thursday, September 11, 2014
    Governor speaks at the September 11, 2001 Remembrance Ceremony.
  • Wednesday, September 10, 2014
    Governor speaks at the Wyoming Peace Officers Association Awards Banquet.