Credit Ratings Snapshot: US States
As a new era in American politics arrives with the inauguration of President Barack Obama, it is worth taking a snapshot of the finances of US States before the impact of new economic and fiscal policies, especially financial stimulus and infrastructure development plans. Standard & Poor’s has obliged with an updated list of state credit ratings and outlooks showing that 24% of the states are now ranked AAA. Among those, all have a Stable outlook, except Florida which was downgraded to Negative yesterday. S&P also issued a listing of credit ratings histories by state.
The weakest ratings are currently held by California (A+, on Negative Watch) and Louisiana (A+, Stable.)
It will be interesting to see how this chart will change over the next year.
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