Former Gov. Mitch Daniels' Newsroom

Contact: Jane Jankowski
Phone: 317-232-1622
Email: jjankowski@gov.in.gov
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For Immediate Release: Jun 29, 2005
State's credit outlook improves
INDIANAPOLIS (June 29, 2005) – Standard & Poor’s Ratings Service has revised the state’s credit outlook to ‘AA positive,’ citing Indiana’s commitment to fiscal discipline and economic stabilization

INDIANAPOLIS (June 29, 2005) – Standard & Poor’s Ratings Service has revised the state’s credit outlook to ‘AA positive,’ citing Indiana’s commitment to fiscal discipline and economic stabilization. The independent credit rating service issued its report today.

 

Indiana’s credit outlook had been ‘AA stable’ since January 20, 2004.

 

“We are grateful for the recognition of our work to put the state’s fiscal house in order,” said Governor Mitch Daniels.

 

According to the report, Standard & Poor’s (S&P) outlook revision “reflects the state’s early economic stabilization and improving position that translated into stronger tax growth.”

 

The report also said, “In terms of the state’s financial position, Governor Daniels and the legislature have agreed upon a biennium budget for fiscals 2006 and 2007 that is the first budget in ten years to add to fund balance at the time of adoption.”

 

Click on credit ratings.  (The report may be viewed at this site for 24 hours.)

 

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