Topeka- S&P Global Ratings announced Friday their revised outlook on its Issuer Credit Rating (ICR) on the state of Kansas to stable from its previous rating of ‘negative’.
S&P also upgraded the state’s appropriation-secured debt to stable from negative and affirmed their “A+” rating on that debt.
Governor Colyer issued the following statement in response:
“Today’s upgrade of Kansas’ credit rating is a reflection of a growing Kansas economy and a focus on fiscal responsibility. As governor, I will continue working to improve our economy and grow our tax base to reduce the burden on taxpayers.
“While there is still much work to do, today’s news is proof that we are moving in the right direction.”