A national credit rating agency has upgraded South Dakota to the highest rating it issues.
The New York-based Standard and Poor’s mentioned the state’s “consistently strong” financial position and record of “conservative budgeting” in upgrading the state from “AA+” to “AAA.” Lieutenant Governor Matt Michels says they have already seen the results of lower interest rates…
Michels says the higher bond rating is the state’s credit number…
Michels says while it is often out of sight, the bond rating is very important to the states fiscal security…
South Dakota joins 15 other states that have also been given the agency’s highest rating.