Arizona’s new credit rating reflects a strong economy

By Russ Wiles | The Arizona Republic

Arizona has received a second financial upgrade from Wall Street, with Standard & Poor’s Ratings Services raising its general evaluation of state-government debt to AA from AA-.

Standard & Poor’s also raised its grade for bond investments known as certificates of participation issued by Arizona, to AA- from A+.

The action follows a similar upgrade issued by Moody’s Investors Service, a rival credit-rating agency, two weeks ago. Both moves reflect an improving state economy and a better government-budget scenario.

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May 21, 2015

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