Texas maintains AAA credit rating from multiple agencies

(The Center Square) – Texas has maintained its AAA/Aaa credit rating from the major credit rating agencies S&P Global Ratings, Fitch Ratings, Moody’s Investors Service and KBRA, the state comptroller’s office announced.

The credit rating agencies cite “Texas’ diversified economy, steady population growth, strong fiscal reserves and disciplined financial practices in reaffirming the state’s credit standing,” Acting Texas Comptroller Kelly Hancock said. They all also state that Texas’ financial outlook is stable going forward.

“Texans expect their tax dollars will be handled wisely,” Hancock said. “Confirmation of our AAA rating reflects sound fiscal management and the strength of our state’s economy. Importantly, it means low borrowing costs for taxpayers and real stability as we continue to invest in government’s core functions, from education to infrastructure and

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