On Monday, Fitch Ratings announced that Montana’s general obligation bonds were just one step away from receiving their highest rating. Montana Governor’s Office spokesman Dave Parker explains

"The Fitch Rating agency rated Montana double A plus, with the outlook future being stable." Said Parker "The things they cited in the report are things like, high trust fund balances and something that Governor bullock has consistently insisted on and that is carrying a solid ending fund balance or as we call it the rainy day fund."

Parker says a high bond rating helps keep costs down for Montanans.

"A high bond rating means that as a state, we are then able to bond projects like infrastructure projects and things like that at a lower interest rate." Said Parker "Because Montana's a safe bet for investors, because of our fiscal strength."

Fitch Ratings cited Montana’s “conservative financial practices, low debt burden and growing economic diversity” as the state’s core economic strengths.

 

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