Moody’s upgrades Florida to its highest credit rating
Jun 25, 2018
Moody’s Investors Service announced it is upgrading the state of Florida to its highest credit rating, citing “sustained” improvement in the state’s economy and a “proven track record of rebounding from severe weather events.”
The ratings agency said Thursday that the state’s finances have been “characterized by healthy reserves and historically strong governance practices and policies that are expected to continue.” It also noted the state’s low state debt and pension ratios; job growth; and positive long-term prospects, despite its aging population.