Standard & Poor's reaffirms Missouri's AAA status, Gov. Nixon announces
JEFFERSON CITY - Gov. Nixon announced Tuesday that Standard & Poor's has maintained Missouri's AAA credit rating.
The rating applies to general obligation bonds issued by the state and will help keep borrowing rates low for school districts, local governments, and public bodies that borrow money for major projects. Lower interest rates save taxpayers millions of dollars a year.
In reaffirming Missouri's AAA rating, Standard & Poor's noted Gov. Jay Nixon's sound financial management, Missouri's strong and diverse economic base, and strong reserves and low debt burden, according to a press release.