The state of Kansas is maintaining its credit ratings from two major reporting agencies.
S&P Global and Moody’s Investors continued their credit ratings and debt outlooks at the same level as the previous ratings last year. S&P Global continued its credit rating at AA-, along with the state’s stable outlook on appropriation-secured debt. This signifies high-quality credit with low risk, with some susceptibility to long-term risks. S&P’s highest rating is AAA.
Moody’s Investors, meanwhile, kept Kansas with an Aa2 rating, meaning high credit with low risk. Moody’s highest rating is Aaa.
Both agencies noted the state’s unemployment rate, diverse economy and budget flexibility with their reports, according to Governor Laura Kelly.
Kansas has been at its current credit ratings and debt outlooks for several years. The S&P rating has been stable since 2016, while the Moody’s Investors rating has been steady since 2014. There had been several downgrades in credit ratings and debt outlooks when Sam Brownback served as governor due to structural budget pressures, falling tax revenue, unfunded pensions and possibly high costs of fully funding education.
