Wednesday, June 30, 2010

How Does Your Credit Rating Compare to the State of Missouri's?

Posted By on Wed, Jun 30, 2010 at 2:20 PM

click to enlarge IMAGE SOURCE

Well, Missouri rates a AAA, suckas! (Huge entities like states apparently rate their own special system.)

This rating, bestowed by New York-based Fitch Ratings, praised the state for its "maintenance of budgetary balance despite revenue weakness and the expiration of stimulus funds" and "continuation of conservative fiscal and debt management policies and practices."

Because of its good credit rating, Missouri's local governments, school districts and public works programs will receive better interests rates when they want to borrow money for major projects. (States...they're just like people.) And those savings will be passed on to YOU, the taxpayer!

But oh, at what cost? Did Fitch observe Governor Jay Nixon's desperate budget-slashing earlier this month, including college scholarship programs?

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