DES MOINES – Moody’s and Fitch, two major bond rating agencies, have reaffirmed Iowa’s AAA bond rating. “The outlook of the state is stable, reflecting an economy that continues to diversify, strong governance practices that result in closely managed finances with healthy reserves and a relatively low debt and pension burden,” Moody’s report says.
“Despite the challenges of the national economy, Iowa’s fiscal health is strong and stable,” said Gov. Kim Reynolds. “Our conservative budgeting practices should continue to allow us to return tax dollars to the hard-working men and women of Iowa – where they belong.”