Governor Deal announced last week that Georgia had once again earned a AAA bond rating from the three main agencies- Moody’s, Fitch and Standard & Poor’s. Only 11 states are currently ranked AAA and Georgia reaped the rewards as it sold $1.37 billion in bonds.
According to data from the Pew Trusts, Georgia is only of seven states to have maintained a AAA bond rating since 2001. The worst? Currently Illinois, edging out California. California has the distinction of the only state receiving a lower than A- rating since 2001, notching a BBB during the gubernatorial recall crisis of 2003. Several of Georgia’s neighbors share the AAA rating, including Florida and North Carolina. The Southern region is mixed, with Kentucky coming in the lowest at AA-.
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