Missouri’s top-grade AAA credit rating is reaffirmed

Missouri’s AAA top-grade credit rating has been reaffirmed by Wall Street’s three top credit rating agencies, Gov. Jay Nixon announced Thursday.

Standard & Poor’s Rating Services, Moody’s Investors Service and Fitch Ratings cited the state’s strong fiscal management. The announcement said Missouri is among a handful of states with AAA credit ratings from all three independent agencies.

Earlier this week, Standard & Poor’s placed Kansas on its “credit watch” list with the possibility of lowering the state’s AA credit rating. S&P cited the current budget shortfall and concerns about Gov. Sam Brownback's proposals for filling the gap.

The Star

This story was originally published April 28, 2016 at 2:32 PM with the headline "Missouri’s top-grade AAA credit rating is reaffirmed."