Under Democratic fiscal management, Washington's credit rating soars, saving taxpayers money

Citing “strong fiscal governance” and “strong fiscal management practices,” the nation’s top credit rating agencies agree that the work of Washington’s budget writers should result in the state maintaining its strong credit ratings. Moody’s (Aaa), S&P (AA+) and Fitch (AA+) pointed to Washington’s fiscal management, forecasting system and high budget reserves among the reasons for their decision to award the state strong credit ratings in their latest assessments. (Read the Moody’s report here) Washington has retained a top credit rating among states despite pandemic-related challenges to the global supply chain and inflationary pressures. Senate and House budget writers and leadership issued the statements below in response to the great fiscal news: Sen. David Frockt, Ways & Means Vice Chair:  “Why is our state’s credit ...

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