Bangkok--10 May--Standard & Poor's
Wyoming's economy, strong budgeting procedures, and low debt contributed to the recent upgrade on the state to 'AAA' from 'AA+', said a report published today by Standard & Poor's Ratings Services.
The commentary, entitled "State Review: Wyoming," provides an overview of the state's economy, financial management, and budgetary performance. Wyoming's debt and liability levels are low in Standard & Poor's opinion as the state has no general obligation debt and its tax-supported debt consists of $39 million of debt secured by federal mineral royalty payments.
"We expect Wyoming will maintain conservative budgeting and forecasting practices, limit debt issuance, and maintain strong fund balances, despite cyclical elements to its economy," said Standard & Poor's credit analyst David Hitchcock.
The report is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to
[email protected]. Ratings information can also be found on Standard & Poor's public Web site by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
Media Contact:
Edward Sweeney, New York (1) 212-438-6634,
[email protected]
Analyst Contacts:
David G Hitchcock, New York (1) 212-438-2022