State Financial Picture Gets Strong Ratings

The State of Nevada got nice ratings upgrades on its general obligation limited-tax bonds from Fitch Ratings, Moody’s Investor Services, and S&P Global Ratings. All three major rating agencies have returned Nevada to a “Stable Outlook,” reaffirming the State’s highest credit ratings in history. This ratings upgrade is key indicator that Nevada’s economic recovery from the COVID-19 pandemic is well underway due to fiscal responsibility and a revitalized tourism and hospitality sector. Governor Steve Sisolak says, “These upgrades to Nevada’s credit rating show that we made the right financial decisions for our State during the pandemic, and are now on the road to recovery. Now, we can continue putting Nevadans back to work, as we look to create thousands of good-paying jobs.”