Governor Rick Scott announced Friday that Moody’s Investors Service, a leading international credit rating agency, upgraded Florida’s General Obligation (GO) bond rating to AAA – the highest rating possible.
For the first time in the history of Florida, all three rating agencies now have Florida’s GO bond rating at AAA.
This is a clear indicator of the strength of Florida’s economy and will save taxpayers money in future state interest payments.
“When I became Governor in 2011, Florida’s economy was in terrible shape. By December 2010, state debt and unemployment had skyrocketed, taxes had been needlessly hiked by more than $2 billion and frivolous spending was commonplace – all costing Florida families more than 800,000 jobs,” said Gov. Rick Scott. “Since day one, we’ve worked nonstop to reverse this course, and today’s rating from Moody’s demonstrates the success of Florida’s economic turnaround.”
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