The State of Iowa has maintained its Triple A credit rating in the latest report from Moody’s Investor Services. Treasurer, Michael Fitzgerald, says, “This is exciting news for Iowa. Triple A is the highest rating a state can achieve, and the experts continue to recognize the excellent financial management of the State.” Moody’s is an economic research, risk management and credit analysis firm that provides investors data on stocks, bonds and government entities. According to Fitzgerald, this rating reflects the state’s strong reserves and management coupled with its low debt and pension liabilities. Iowa is one of only 11 states that has maintained a Triple A rating for at least 10 years, including Delaware, Florida, Georgia, Indiana, Maryland, Missouri, Nebraska, North Carolina, Utah and Virginia.
