Skip Navigation
MiDashboard - Reporting ScorecardMichigan.gov - Official Web Site for the State of Michigan
Michigan.gov Home Open Michigan |  MI Dashboards |  Performance |  Spending
close print view

Credit Rating

Why it Matters: Michigan's bond or credit rating is a measure of its financial reputation. A good credit rating enables a state to borrow money for construction projects and other needs at the most competitive rates available. This saves millions of taxpayer dollars in interest payments. The following chart shows the state's ratings by the three rating agencies. For the most recent rating, the chart also shows the state's outlook in parenthesis.

Credit Rating


2000
2001
2002
2003
2004
2005

2006

2007

2008

2009

2010

2011

2012

2013

Moody's

Aaa
Aaa
Aaa
Aa1
Aa1
Aa2

Aa2

Aa3

Aa3

Aa3

Aa2

Aa2 (stable)

Aa2 (stable)

Aa2 (positive)

Standard & Poor's

AAA
AAA
AAA
AA+
AA+
AA

AA

AA-

AA-

AA-

AA-

AA- (stable)

AA- (stable)

AA- (positive)

Fitch

AA+
AA+
AA+
AA+
AA
AA

AA

AA-

AA-

A+

AA-

AA- (positive)

AA- (positive)

AA (stable)

 

Legend:


Moody's

Standard & Poor's

Fitch

Aaa

AAA

AAA

Prime

Aa1

AA+

AA+

High Grade

Aa2

AA

AA

Aa3

AA-

AA-

A1

A+

A+

Upper Medium Grade

A2

A

A

 

 

 

 

 

 

 

 

 

Source: Michigan Dept. of Treasury

 


QR code

Michigan.gov Home
 | Accessibility Policy | Link Policy | Security Policy | Privacy Policy | Michigan News | Michigan.gov Survey

Copyright © 2001-2013 State of Michigan