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, July 25, 2014
    Governor and First Lady attend CFD Pancake Breakfast.
  • Wednesday, July 23, 2014
    Governor speaks at the Memorial Hospital of Sweetwater County Regional Cancer Center and Medical Building Grand Opening.
  • Wednesday, July 23, 2014
    Governor meets with elected officials from Sweetwater County.
  • Wednesday, July 23, 2014
    Governor and First Lady attend CFD Pancake Breakfast.
  • Tuesday, July 22, 2014
    Governor and First Lady attend the BBQ for Thunderbird Enlisted Corps.
  • Tuesday, July 22, 2014
    Governor participates in the draw for the Governor’s Bison Tags with Wyoming Wildlife the Foundation.
  • Tuesday, July 22, 2014
    Governor and First Lady attend the Cheyenne Frontier Days Rodeo.
  • Tuesday, July 22, 2014
    Governor and First Lady ride in the Cheyenne Frontier Days Parade.
  • Monday, July 21, 2014
    Governor attends the groundbreaking ceremony for the new Fairfield Inn & Suites.
  • Sunday, July 20, 2014
    Governor attends the Cameco and City of Casper Cowboy Tough Adventure Race finish.
  • Saturday, July 19, 2014
    Governor and First Lady visit the Cheyenne Frontier Days Indian Village.
  • Saturday, July 19, 2014
    Governor and First Lady attend the Cheyenne Frontier Days Rodeo.
  • Saturday, July 19, 2014
    Governor and First Lady attend the Denver Post/UP Train BBQ.
  • Saturday, July 19, 2014
    Governor and First Lady ride in the Cheyenne Frontier Days Parade.
  • Friday, July 18, 2014
    Governor attends the Pardners in Prosperity Chamber of Commerce event.