Missouri earns perfect credit rating from multiple agencies

10 months 4 weeks 1 day ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 4:34:00 PM CDT in News
By: Jacob Kornhauser, KOMU 8 Digital Producer

COLUMBIA - Missouri was one of a few states to receive a perfect AAA credit rating from all three independent rating agencies. Standard and Poor's Rating Service, Moody's Investors Service, and Fitch Ratings all gave the state a perfect score, citing strong fiscal management leading to a balanced budget. 

These perfect scores allow the state to benefit from lower interest rates, which have the potential to make the state's capital investments more affordable. A news release from Gov. Jay Nixon said this reassures businesses that Missouri is a safe place to invest in.

A key reason the agencies give for awarding a perfect rating is the state's ability to make adjustments in the budget during the year. 

"Missouri remains extremely well-positioned to deal with economic downturns, with very strong gap-closing capacity in the form of its control over revenues and spending and a demonstrated willingness to take timely budgetary action,” the Fitch Ratings report said. 

Standard and Poor's Rating Services also said, "Missouri’s record of taking mid-year corrective budget measures has helped make its credit quality resilient to episodes of weaker-than-forecast economic and revenue performance.”

Missouri's fiscal management has stayed consistently strong while these agencies have downgraded the credit ratings of other states such as Illinois, Kansas, New Jersey, and Alaska.

More News

Grid
List
JEFFERSON CITY, Mo. (AP) — A Missouri woman who used her neighbor's home to receive a fraudulent loan was convicted... More >>
1 hour ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 3:44:00 PM CDT in News
JEFFERSON CITY, Mo. (AP) — The Missouri House gave initial approval to a bill that would overturn a St. Louis... More >>
1 hour ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 3:33:00 PM CDT in News
COLUMBIA – The U.S. Fish and Wildlife Service placed native bumblebees on the endangered species list at the start of... More >>
1 hour ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 3:06:00 PM CDT in News
ST. LOUIS (AP) — Police said an investigation found that a man apparently fatally shot the mother of his children... More >>
2 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 2:20:00 PM CDT in News
JEFFERSON CITY, Mo. (AP) — Missouri Gov. Eric Greitens says people should have the option of getting IDs that allow... More >>
2 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 1:49:00 PM CDT in News
JEFFERSON CITY, Mo. (AP) — Missouri's Republican-led House has endorsed a bill to repeal the state's "prevailing wage" requirements for... More >>
3 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 1:45:00 PM CDT in Continuous News
JEFFERSON CITY, Mo. (AP) — Gov. Eric Greitens says he's still against expanding eligibility for Medicaid in Missouri following failed... More >>
3 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 1:17:00 PM CDT in News
JEFFERSON CITY, Mo. (AP) — A new Missouri law will change the standard for vetting expert witnesses in jury trials.... More >>
3 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 1:06:00 PM CDT in News
JEFFERSON CITY - As Missouri legislators debate the merits of a state prescription drug monitoring program, five of the nation's... More >>
3 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 12:53:00 PM CDT in News
KANSAS CITY, Mo. (AP) — A Kansas City man has been convicted for his role in a shooting that left... More >>
4 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 12:45:00 PM CDT in News
STURGEON - The Sturgeon Board of Aldermen voted to remove Greg Halderman from his position as police chief by a... More >>
4 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 12:15:00 PM CDT in News
CALIFORNIA - A Kansas City man was arrested on suspicion of burglary Tuesday morning after attempting to evade police. ... More >>
4 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 11:50:00 AM CDT in Top Stories
JOPLIN, Mo. (AP) — A southwestern Missouri teenager has been sentenced to 25 years in prison for fatally shooting his... More >>
5 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 10:56:00 AM CDT in News
LADUE, Mo. (AP) — Authorities in suburban St. Louis say a man found dead inside a van was wanted for... More >>
6 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 10:37:00 AM CDT in News
KANSAS CITY, Mo. (AP) — Fire investigators in Kansas City, Missouri, are trying to pinpoint what sparked a three-alarm blaze... More >>
6 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 10:15:00 AM CDT in News
ST. LOUIS (AP) — St. Louis County police say the shooting deaths of a former couple found outside a home... More >>
6 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 10:03:00 AM CDT in News
KANSAS CITY, Mo. (AP) — A 26-year-old man jailed on $200,000 bond after being accused of drunkenly causing a Kansas... More >>
6 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 9:56:00 AM CDT in News
ST. LOUIS (AP) — Sentencing is scheduled for this summer for a Missouri home health care worker who admitted in... More >>
7 hours ago March 28, 2017 Mar 28, 2017 Tuesday, March 28 2017 Tuesday, March 28, 2017 9:46:00 AM CDT in News
Columbia, MO
Broken Clouds 58°
5pm 61°
6pm 60°
7pm 59°
8pm 57°

Select a station to view its upcoming schedule:

Coming Up Next

4:30p
Jeopardy!
5:00p
KOMU 8 News @ 5
5:30p
NBC Nightly News with Lester Holt
4:30p
The Cleveland Show
5:00p
American Dad!
5:30p
American Dad!

Tonight's Schedule

7:00p
The Voice
8:01p
Trial & Error
8:30p
Trial & Error
9:00p
Chicago Fire
7:00p
The Flash
8:00p
DC's Legends of Tomorrow
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld