Trend Indicators | |
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Trend is down Performance improving |
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Trend is up Performance improving |
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Trend maintaining Performance strong |
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Trend is down Performance declining |
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Trend is up Performance declining |
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Trend maintaining Performance stable |
Legend:
Triple A - Extremely strong capacity to meet financial commitments. Highest rating.
Double A - Very strong capacity to meet financial commitments.
Single A - Strong capacity to meet financial commitments but somewhat susceptible to adverse economic conditions and changes in circumstances.
Triple B - Adequate capacity to meet financial commitments but more subject to adverse economic conditions.
The bond or credit rating is a measure of its financial reputation. A good credit rating enables a state to borrow money for construction projects and other needs at the most competitive rates available. This saves millions of taxpayer dollars in interest payments.