Gov. Scott Walker
Press Release

Wisconsin’s Bond Rating Upgraded to AA+ by Fitch Ratings

Fitch notes 2011 was a “turning point” for state’s finances

By - Oct 19th, 2017 04:11 pm

MADISON – Governor Scott Walker announced today that Fitch Ratings upgraded Wisconsin’s bond rating to “AA+” from “AA.” The announcement comes on the heels of yesterday’s news that Kroll Bond Rating Agency also upgraded the state’s bond rating to “AA+.”

“This is now the second agency in as many days to upgrade Wisconsin’s outlook, and it shows our reforms are working for Wisconsin,” Governor Walker said. “We proved you can budget responsibly and make strong investments in priorities like education and infrastructure while holding the line on taxes.”

The following is an excerpt from the Fitch Ratings report:

“The state’s fiscal performance was historically challenged by structural imbalances and a reliance on one-time resources to cover budgetary needs. The fiscal 2011-2013 budget marked a turning point, with extensive structural budget actions and the resolution of several lingering fiscal challenges.”

A copy of Fitch Ratings’ release can be found here: https://www.fitchratings.com/site/pr/1030927

Mentioned in This Press Release

People:

Recent Press Releases by Gov. Scott Walker

Governor Walker Highlights Historic K-12 Education Investments at Wisconsin Association of School Boards’ State Education Convention

"We increased funding by $200 per student for every school in the state this year, and we’re adding another $204 per student on top of that next year."

Governor Walker Takes Additional Action to Fight Opioid Crisis

Wisconsin continues to lead the way forward

Wisconsin Works for Everyone: Governor Walker Calls for Special Session on Welfare Reform

"We want to remove barriers to work and make it easier to get a job, while making sure public assistance is available for those who truly need it."

Leave a Reply

Your email address will not be published. Required fields are marked *