South Dakota Governor Dennis Daugaard says Standard & Poors has revised the states outlook from stable to positive, and renewed the state’s Double A plus credit rating……….
S&P said the state gets the improved rating because of strong personal income growth, conservative budgeting and recent changes in monitoring and forecasting revenue. The rating firm also mentioned the states fully funded pension plan.
House Minority Leader Bernie Hunhoff of Yankton says while it is good news, most legislators don’t think much about the state’s credit rating………….
Hunhoff says the pension plan is a bright spot for the state………
S&P says the rating puts the state on track for future upgrades in the credit rating.