Wyoming’s Issuer Credit Rating Upgraded

Joe Meyer, Wyoming's State Treasurer, announced today that the issuer credit rating on the state of Wyoming has been raised. Standard & Poors Rating Services raised the issuer credit rating from a "AA+" to a "AAA" and say the outlook is stable.

Under the S&P's state rating criteria, strong institutional budget procedures and performance were the basis for the upgrade. Other reasons for the upgrade are that of low long-term debt, pension, OPEB liabilities, and strong economic performance.

Standard & Poors expectation of Wyoming's stable outlook is that it will maintain conservative budgeting and forecasting practices. It also hopes the state will have limited debt insurance and strong fund balances despite cyclical elements to Wyoming's economy.

To view the full report released by S&P visit the Wyoming State Treasurer's website.