Montana's AA+ bond rating renewed, governor says
HELENA — Fitch Ratings has renewed Montana’s high AA+ bond rating, Gov. Steve Bullock’s office announced Tuesday.
“This rating ensures that the state and local communities can responsibly invest in Montanans’ priorities – like infrastructure – by leveraging the state’s fiscal health,” Bullock stated in a news release.
According to Investopedia.com, Fitch provides these evaluations of a bond issuer’s financial strength, or its ability to pay a bond’s principal and interest in a timely fashion. AAA is the highest bond rating. AA+ is the next highest.
Fitch cited the state’s “increasingly diverse economic base, strong growth prospects, low liabilities and conservative financial practices…,” its “consistently conservative approach to fiscal management…” and solid operating performance “supported by ongoing conservative budgeting practices,” Bullock’s office said.
Read more: http://www.greatfallstribune.com/story/news/local/2017/01/03/states-aa-bond-rating-renewed-governor-says/96131420/
