List of U.S. states by credit rating explained

This is a list of U.S. states by credit rating, showing credit ratings for sovereign bonds as reported by the three major credit rating agencies: Standard & Poor's, Fitch and Moody's. The list is given as of May 2021.

List of general obligation bond rankings

StateS&P Global[1] Moody'sFitch Ratings
RatingDate
AlabamaAAAa1[2] AA+May 10, 2022[3]
AlaskaAA-Aa3[4] A+April 13, 2022[5]
ArizonaAAAa1[6]
ArkansasAAAa1colspan="3"
CaliforniaAA-Aa2AAMarch 1, 2022[7]
ColoradoAAAa1[8]
ConnecticutAAa3[9] AA-May 24, 2022[10]
DelawareAAAAaa[11] AAAFebruary 9, 2022[12]
District of ColumbiaAA+November 2, 2021[13]
FloridaAAAAaaAAAJune 23, 2022[14]
GeorgiaAAAAaa[15] AAAJune 6, 2022[16]
HawaiiAA+Aa2AASeptember 17, 2021[17]
IdahoAA+Aaa[18] AAANovember 4, 2021[19]
IllinoisA-A3[20] A-November 7, 2023[21]
IndianaAAAAaa[22] AAASeptember 17, 2021[23]
IowaAAAAaa[24] AAADecember 8, 2021[25]
KansasAA-Aa2[26]
KentuckyAAa3AA-April 28, 2022[27]
LouisianaAA-Aa3AA-March 18, 2022[28]
MaineAAAa2[29] AANovember 9, 2021[30]
MarylandAAAAaa[31] AAAJune 1, 2022[32]
MassachusettsAAAa1[33] AA+September 10, 2021[34]
MichiganAAAa1[35] AA+July 21, 2022[36]
MinnesotaAAAAa1[37] AAAAugust 5, 2022[38]
MississippiAAAa2[39] AANovember 8, 2021[40]
MissouriAAAAaaAAAOctober 7, 2021[41]
MontanaAAAa1AA+August 26, 2021[42]
NebraskaAAAAa1colspan="3"
NevadaAA+Aa1AA+April 20, 2022[43]
New HampshireAAAa1[44] AA+March 3, 2022[45]
New JerseyAA2A-April 12, 2023[46]
New MexicoAAAa2colspan="3"
New YorkAA+Aa2[47] AA+July 8, 2022[48]
North CarolinaAAAAaa[49] AAAJuly 1, 2022[50]
North DakotaAA+Aa1colspan="3"
OhioAAAAaa[51] AAAAugust 30, 2023[52]
OklahomaAAAa2AAApril 21, 2022[53]
OregonAA+Aa1[54] AA+April 29, 2022[55]
PennsylvaniaA+Aa3[56] AA-April 11, 2022[57]
Rhode IslandAAAa2[58] AASeptember 28, 2021[59]
South CarolinaAA+Aaa[60] AAAJune 1, 2022[61]
South DakotaAAAAaaAAAOctober 13, 2021[62]
TennesseeAAAAaa[63] AAAJanuary 20, 2022[64]
TexasAAAAaa[65] AAAMarch 24, 2022[66]
UtahAAAAaa[67] AAAApril 22, 2022[68]
VermontAA+Aa1AA+April 6, 2022[69]
VirginiaAAAAaaAAAJune 28, 2022[70]
WashingtonAA+Aaa[71] AA+April 15, 2022[72]
West VirginiaAA-Aa2[73] AAMay 2, 2022[74]
WisconsinAAAa1AA+January 10, 2022[75]
WyomingAAn/a

Historic S&P Global Rankings

State 202120202019201820172016201520142013201220112010200920082007200620052004200320022001
AlabamaAAAA AAAAAAAAAAAA AA AA AA AA AA AA AA AA AA AA AA AA AA
AlaskaAA-AA- AAAAAAAA+AAAAAA AAA AAA AA+ AA+ AA+ AA+ AA AA AA AA AA NR NR
ArizonaAAAA AAAAAAAAAAAA- AA- AA- AA- AA- AA- AA AA AA AA AA AA- AA- NR
ArkansasAAAA AAAAAAAAAAAA AA AA AA AA AA AA AA AA AA AA AA AA AA
CaliforniaAA-AA- AA-AA-AA-AA-AA-A A A- A- A- A A+ A+ A+ A A BBB A A+
ColoradoAAAA AAAAAAAAAAAA AA AA AA AA AA AA AA AA- AA- AA- AA- AA- AA
ConnecticutAA AAA+AA-AAAA AA AA AA AA AA AA AA AA AA AA AA AA AA
DelawareAAAAAA AAAAAAAAAAAAAAAAAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA
FloridaAAAAAA AAAAAAAAAAAAAAAAAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AA+ AA+ AA+ AA+
GeorgiaAAAAAA AAAAAAAAAAAAAAAAAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA
HawaiiAA+AA+ AA+AA+AA+AA+AAAA AA AA AA AA AA AA AA AA- AA- AA- AA- AA- AA-
IdahoAA+AA+ AA+AA+AA+AA+AA+AA+ AA+ AA+ AA+ AA AA AA AA AA AA AA AA AA AA
IllinoisBBB+BBB-BBB-BBB-BBB-BBBA-A- A- A A+ A+ A+ AA AA AA AA AA AA AA AA
IndianaAAAAAAAAAAAAAAAAAAAAAAAA AAA AAA AAA AAA AAA AAA AA+ AA+ AA AA AA+ AA+ AA+
IowaAAAAAA AAAAAAAAAAAAAAAAAA AAA AAA AAA AAA AAA AAA AA+ AA+ AA+ AA+ AA+ AA+ AA+
KansasAA-AA- AA-AA-AA-AA-AAAA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+
KentuckyAA AAA+A+A+AA- AA- AA- AA- AA- AA- AA- AA- AA- AA- AA- AA- AA- AA
LouisianaAA-AA- AA-AA-AA-AAAAAA AA AA AA AA- AA- A+ A A A A+ A+ A A
MaineAAAA AAAAAAAAAAAA AA AA AA AA AA AA AA AA- AA- AA AA+ AA+ AA+
MarylandAAAAAA AAAAAAAAAAAAAAAAAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA
MassachusettsAAAA AAAAAAAA+AA+AA+ AA+ AA+ AA AA AA AA AA AA AA AA- AA- AA- AA-
MichiganAAAA AAAAAA-AA-AA-AA- AA- AA- AA- AA- AA- AA- AA- AA AA AA+ AA+ AAA AAA
MinnesotaAAAAAA AAAAAAAA+AA+AA+AA+ AA+ AA+ AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA
MississippiAAAA AAAAAAAAAAAA AA AA AA AA AA AA AA AA AA AA AA AA AA
MissouriAAAAAA AAAAAAAAAAAAAAAAAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA
MontanaAAAA AAAAAAAAAAAA AA AA AA AA AA AA AA- AA- AA- AA- AA- AA- AA-
NebraskaAAAAAA AAAAAAAAAAAAAAAAAA AAA AAA AAA AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+
NevadaAA+AA+ AA+AAAAAAAAAA AA AA AA AA+ AA+ AA+ AA+ AA+ AA AA AA AA AA
New HampshireAAAA AAAAAAAAAAAA AA AA AA AA AA AA AA AA AA AA AA AA+ AA+
New JerseyBBB+BBB+ A-A-A-AAA+ AA- AA- AA- AA AA AA AA AA AA AA- AA AA AA+
New MexicoAAAA AAAAAAAAAA+AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+
New YorkAA+AA+ AA+AA+AA+AA+AA+AA AA AA AA AA AA AA AA AA AA AA AA AA AA
North CarolinaAAAAAA AAAAAAAAAAAAAAAAAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA
North DakotaAA+AA+ AA+AA+AA+AA+AAAAAA AAA AA+ AA+ AA+ AA+ AA AA AA AA AA- AA- AA- AA-
OhioAA+AA+ AA+AA+AA+AA+AA+AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+
OklahomaAAAA AAAAAAAA+AA+AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA AA AA AA AA AA AA
OregonAA+AA+ AA+AA+AA+AA+AA+AA+ AA+ AA+ AA+ AA AA AA AA AA- AA- AA- AA- AA AA
PennsylvaniaA+A+ A+A+AA-AA-AA-AA AA AA AA AA AA AA AA AA AA AA AA AA AA
Rhode IslandAAAA AAAAAAAAAAAA AA AA AA AA AA AA AA AA AA AA- AA- AA- AA-
South CarolinaAA+AA+ AA+AA+AA+AA+AA+AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AAA AAA AAA AAA
South DakotaAAAAAA AAAAAAAAAAAAAAAAA+ AA+ AA+ AA+ AA AA AA AA AA NR NR NR NR NR
TennesseeAAAAAA AAAAAAAAAAAAAA+AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA AA AA AA AA
TexasAAAAAA AAAAAAAAAAAAAAAAAA AAA AA+ AA+ AA+ AA+ AA AA AA AA AA AA AA AA
UtahAAAAAA AAAAAAAAAAAAAAAAAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA
VermontAA+AA+ AA+AA+AA+AA+AA+AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+
VirginiaAAAAAA AAAAAAAAAAAAAAAAAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA AAA
WashingtonAA+AA+ AA+AA+AA+AA+AA+AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA+ AA AA AA AA+ AA+ AA+
West VirginiaAA-AA- AA-AA-AA-AA-AAAA AA AA AA AA AA AA- AA- AA- AA- AA- AA- AA- AA-
WisconsinAAAA AAAAAAAAAAAA AA AA AA AA AA AA AA- AA- AA- AA- AA- AA- AA
WyomingAAAA AA+AA+AA+AAAAAAAAA AAA AAA AAA AA+ AA+ AA+ AA AA AA AA AA AA AA
Source:

See also

Notes and References

  1. Web site: History Of U.S. State Ratings. 2021-05-11. S&P Global. en-us.
  2. Web site: California State Treasurer. California's Current Credit Ratings. 2021-05-11. www.treasurer.ca.gov.
  3. Web site: Alabama, State of (AL) [General Government] ]. . 2022-08-12.
  4. Web site: Alaska Credit Ratings. 2021-05-11. treasury.dor.alaska.gov.
  5. Web site: Alaska, State of (AK) [General Government] ]. . 2022-08-12.
  6. Web site: Arizona, State of (AZ) [General Government] ]. . 2022-08-12.
  7. Web site: California, State of (CA) [General Government] ]. . 2022-08-12.
  8. Web site: Colorado, State of (CO) [General Government] ]. . 2022-08-12.
  9. Web site: State of Connecticut Bond Ratings. 2021-05-11. en-US.
  10. Web site: Connecticut, State of (CT) [General Government] ]. . 2022-08-12.
  11. Web site: Rating Agencies' Credit Reports. 2021-05-11. Department of Finance - State of Delaware. en-US.
  12. Web site: Delaware, State of (DE) [General Government] ]. . 2022-08-12.
  13. Web site: District of Columbia (DC) [General Government] ]. . 2022-08-12.
  14. Web site: Florida, State of (FL) [General Government] ]. . 2022-08-12.
  15. Web site: Rating Reports - G.O. Bonds. 2021-05-11. Georgia State Financing and Investment Commission. en.
  16. Web site: Georgia, State of (GA) [General Government] ]. . 2022-08-12.
  17. Web site: Hawaii, State of (HI) [General Government] ]. . 2022-08-12.
  18. Web site: Idaho State Treasurer's Office. Credit Rating Enhancement Committee (CREC). 2021-05-11. sto.idaho.gov.
  19. Web site: Idaho, State of (ID) [General Government] ]. . 2022-08-12.
  20. Web site: Bond Ratings . illinoiscomptroller.govfinancial-reports-data . The Illinois Office of Comptroller . 16 March 2023 . en.
  21. Web site: Illinois, State of (IL) [General Government] ]. .
  22. Web site: Indiana Finance Authority. 2020-10-05. Credit Ratings. 2021-05-11. in.gov. en.
  23. Web site: Indiana, State of (IN) [General Government] ]. . 2022-08-12.
  24. Web site: 2020-02-19. Iowa Remains at the Top of Credit Rating Scales. 2021-05-11. www.iowatreasurer.gov. en-us.
  25. Web site: Iowa, State of (IA) [General Government] ]. . 2022-08-12.
  26. Web site: Kansas, State of (KS) [General Government] ]. . 2022-08-12.
  27. Web site: Kentucky, Commonwealth of (KY) [General Government] ]. . 2022-08-12.
  28. Web site: Louisiana, State of (LA) [General Government] ]. . 2022-08-12.
  29. Web site: Maine Office of the State Treasurer. Debts & Bonds: Bond Ratings. 2021-05-11. www.maine.gov.
  30. Web site: Maine, State of (ME) [General Government] ]. . 2022-08-12.
  31. Web site: Maryland State Treasurer. Rating Agency Reports. 2021-05-11. www.treasurer.state.md.us.
  32. Web site: Maryland, State of (MD) [General Government] ]. . 2022-08-12.
  33. Web site: Ratings Reports. 2021-05-11. www.massbondholder.com.
  34. Web site: Massachusetts, Commonwealth of (MA) [General Government] ]. . 2022-08-12.
  35. Web site: Michigan Department of Treasury. Credit Rating. 2021-05-11. www.michigan.gov.
  36. Web site: Michigan, State of (MI) [General Government] ]. . 2022-08-12.
  37. Web site: Minnesota's Bond Ratings. 2021-05-11. mn.gov.
  38. Web site: Minnesota, State of (MN) [General Government] ]. . 2022-08-12.
  39. Web site: Bonds and Debt. 2020-05-11. ms.gov.
  40. Web site: Mississippi, State of (MS) [General Government] ]. . 2022-08-12.
  41. Web site: Missouri, State of (MO) [General Government] ]. . 2022-08-12.
  42. Web site: Montana, State of (MT) [General Government] ]. . 2022-08-12.
  43. Web site: Nevada, State of (NV) [General Government] ]. . 2022-08-12.
  44. Web site: Vermont Treasurer. STATE BOND RATINGS REPORT. 2020-05-11. vermonttreasurer.gov.
  45. Web site: New Hampshire, State of (NH) [General Government] ]. . 2022-08-12.
  46. Web site: New Jersey, State of (NJ) [General Government] ]. . 2022-08-12.
  47. Web site: Credit Ratings Investor's Guide. 2021-05-11. www.budget.ny.gov.
  48. Web site: New York, State of (NY) [General Government] ]. . 2022-08-12.
  49. Web site: Treasurer Folwell Announces "AAA" Bond Ratings for NC. 2021-05-11. www.nctreasurer.com.
  50. Web site: North Carolina, State of (NC) [General Government] ]. . 2022-08-12.
  51. Web site: Ohio Governor Mike DeWine. Ohio Earns Coveted "AAA/Aaa/AAA" Ratings from All Three Major Credit Bureaus. 2024-01-25.
  52. Web site: Ohio, State of (OH) [General Government] ]. . 2022-08-12.
  53. Web site: Oklahoma, State of (OK) [General Government] ]. . 2022-08-12.
  54. Web site: Oregon State Treasury. Oregon Bonds FAQs. 2021-05-11. www.oregon.gov.
  55. Web site: Oregon, State of (OR) [General Government] ]. . 2022-08-12.
  56. Web site: Fiscal Health Scorecard. 2021-05-11. Pennsylvania Treasury Transparency Portal.
  57. Web site: Pennsylvania, Commonwealth of (PA) [General Government] ]. . 2022-08-12.
  58. Web site: Credit Ratings. 2021-05-11. Rhode Island Office of the General Treasurer.
  59. Web site: Rhode Island, State of (RI) [General Government] ]. . 2022-08-12.
  60. Web site: State Credit Ratings. 2021-05-11. SC Office of the State Treasurer.
  61. Web site: South Carolina, State of (SC) [General Government] ]. . 2022-08-12.
  62. Web site: South Dakota, State of (SD) [General Government] ]. . 2022-08-12.
  63. Web site: 2016-05-31. Tennessee's Credit Rating Now at the Top. 2021-05-11. www.tn.gov. en.
  64. Web site: Tennessee, State of (TN) [General Government] ]. . 2022-08-12.
  65. Web site: State of Texas Debt. 2021-05-11. Texas Bond Review Board.
  66. Web site: Texas, State of (TX) [General Government] ]. . 2022-08-12.
  67. Web site: Utah Office of State Treasurer. Utah maintains AAA credit rating from all major rating agencies, saves taxpayer dollars on transportation projects. 2021-05-11. treasurer.utah.gov.
  68. Web site: Utah, State of (UT) [General Government] ]. . 2022-08-12.
  69. Web site: Vermont, State of (VT) [General Government] ]. . 2022-08-12.
  70. Web site: Virginia, Commonwealth of (VA) [General Government] ]. . 2022-08-12.
  71. Web site: 2020-07-01. Credit Ratings Remain High as Washington Prepares to Issue New Debt. 2021-05-11. Washington State Treasurer. en-US.
  72. Web site: Washington, State of (WA) [General Government] ]. . 2022-08-12.
  73. Web site: State of West Virginia Credit Ratings. 2020-05-11. investorrelations.wv.gov.
  74. Web site: West Virginia, State of (WV) [General Government] ]. . 2022-08-12.
  75. Web site: Wisconsin, State of (WI) [General Government] ]. . 2022-08-12.

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