Michigan’s Credit Ratings Reaffirmed

Jul 21, 2023

by Liz Gullett

As MLC’s Communications and Social Media Manager, Liz Gullett keeps clients informed and up-to-date on the goings on in Lansing and the Capitol.

All three main international ratings agencies have reaffirmed Michigan’s credit rating this week.

Moody’s Investors Service:

    • Reaffirmed their Aa1 rating with a “stable outlook.”
    • They noted the state has effective financial forecast practices, budgetary reserves at record levels, and an increasingly diverse economy.

Fitch Ratings:

    • Reaffirmed their AA+ rating with a “stable outlook.”
    • They stated Michigan has a high level of financial resilience and low long-term liability burdens.
    • Additionally, Michigan’s economy is broad based and marked by stronger diversity than before the last pre-pandemic recession.

Standard & Poor:

    • Reaffirmed their AA rating with a “stable outlook.”
    • They stated Michigan has enacted good budget practices, increased its “rainy day” fund, and is likely to have strong economic performance.
    • Further adding, Michigan has established itself as a leader in testing autonomous vehicles and is benefiting from a strong research presence.

Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.

Recent Posts

Interim State Superintendent Named

Interim State Superintendent Named

Dr. Sue Carnell will serve as interim state superintendent, assuming the role when the current superintendent retires. Superintendent Dr. Michael Rice announced earlier this year his plans to retire from the role effective October 3. Dr. Carnell: She currently serves...

Governor Visits Germany

Governor Visits Germany

Following her investment mission to Singapore and Japan, Governor Gretchen Whitmer headed to Germany to lead Team Michigan at the IAA Mobility Conference. The goal of the visit was to strengthen Michigan’s commitment to strengthening international partnerships,...

Constitutional Amendment Proposed

Constitutional Amendment Proposed

Legislators’ pay would be withheld for failure to complete a state budget under a constitutional amendment introduced this week. Key Points: Senate Joint Resolution E was introduced by Senator Kevin Daley (R-Lum). It would amend the Michigan Constitution to prescribe...

Looking for older articles?

We’ve recently made improvements to our blog to provide a better user experience. If you’re searching for older posts, click here to search our archive.

Michigan Legislative Consultants

Michigan Legislative Consultants
110 W. Michigan Avenue
Suite 500
Lansing, MI 48933
517.372.2560
517.372.0130 fax

1001 Woodward Avenue
Suite 500
Detroit, MI 48226

MLC is proud to be the Michigan member of NASL