State Treasurer Michael L. Fitzgerald is pleased to announce the State of Iowa’s Triple A credit rating from Moody’s Investor Services (Moody’s) was affirmed. “This is exciting news for Iowa,” Fitzgerald said. “Triple A is the highest rating a State can achieve, and the experts continue to recognize the excellent financial management of the State.”
Moody’s provides investors with credit ratings, risk analyses and research for stocks, bonds and government entities. Portfolio reviews occur periodically to reassess ratings. Using recent data, Moody’s report continues to validate the State is in a good financial position, “Iowa’s Aaa rating reflects its strong reserves, fiscal management and its low debt and pension liabilities, as well as its diversifying economy that remains vulnerable to the volatile agricultural sector.”
“Moody’s rating is a testament to Iowa’s financial wellness and the decisions that continue to earn us our high rating,” Fitzgerald added. “Our careful financial management and diverse economy demonstrate the State’s disciplined financial management and stable outlook.”
As State Treasurer, Fitzgerald is responsible for managing the State’s funds. His duties consist of depositing money, investing it and ensuring the money is available when needed by the State.
Along with managing the State’s funds, Fitzgerald administers the Great Iowa Treasure Hunt, Iowa’s 529 plans, Iowa’s ABLE plan and various other consumer programs. Learn more about Fitzgerald’s responsibilities and programs at IowaTreasurer.gov.