South Dakota now has top debt rating from all 3 agencies
July 18, 2016
South Dakota has the highest credit rating possible from all three major bond rating agencies after Fitch Ratings upgraded the state's rating Wednesday.
Fitch cited the state's "consistently conservative fiscal operations" in upgrading South Dakota's issuer default rating to "AAA" and state-linked debt to "AA+." Collecting top ratings has been a priority for Republican Gov. Dennis Daugaard, and Fitch's move comes after similar upgrades from Moody's and Standard and Poor's since May 2015.
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