DES MOINES, IA (08/02/2011)(readMedia)-- State Treasurer Michael L. Fitzgerald announced today that once again the state of Iowa has maintained the highest credit rating possible. "Fitch Ratings affirmed that Iowa is a Triple A state," Fitzgerald said. "Additionally, they upgraded Iowa's school infrastructure and Vision Iowa fund bonds to AA from AA-."
According to Fitch's report, "The state has a careful and conservative approach to financial operations and has consistently achieved budgetary balance and maintenance of sizeable reserves despite revenue declines associated with the recent downturn."
"The experts say that Iowa is among the elite states," Fitzgerald stated. "They continue to recognize the first-rate fiscal management and strong economy of our state and we can stand out as a model to other states."
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