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

Five Things We’re Reading

Five Things We’re Reading

Below are some articles the MLC lobby team has been reading this past week. We hope you find them as interesting and useful as we do. 7 Ways to Weave Mindfulness into Your Workday – If you can’t devote one portion of time in your day to practice mindfulness, you...

Primary Election Overview: 44th District

Primary Election Overview: 44th District

Through the primary election on August 6, we will highlight races for which the primary is the key race due to the voter base. The candidate’s website, professional information, and a sample of known endorsements are listed when available. District Overview The 44th...

Last Week on the MLC Blog

Last Week on the MLC Blog

Over the past week, we covered these topics on the MLC Blog… In the latest in our spotlight series, we highlighted Representative Jim Haadsma, chair of the Labor Committee. Four weeks ahead of Michigan’s primary race, over 1.5 million voters have requested an absentee...

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

1001 Woodward Avenue
Suite 500
Detroit, MI 48226

MLC is proud to be the Michigan member of NASL