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Public Finance Division
California's Current Credit Ratings
Since the credit rating is assigned to a specific debt-security issued by the State of California, the current credit ratings are shown below by debt type:
| Type of Debt | Fitch Ratings | Moody's Investors Service | Standard & Poor's |
|---|---|---|---|
| General Obligation | A- | A1 | A |
| Lease Revenue Bonds* | BBB+ | A2 | A- |
| Revenue Anticipation Notes | F1 | MIG 1 | SP-1+ |
| Economic Recovery Bonds | A+ | Aa3 | A+ |
*Does not include ratings for Public Works Board Bonds issued on behalf of the University of California or California State University
Comparison of Other States' General Obligation Bond Ratings
| State | Fitch | Moody's | S&P |
|---|---|---|---|
| Alabama | AA+ | Aa1 | AA |
| Alaska | AAA | Aaa | AAA |
| Arizona | NR | NR | NR |
| Arkansas | NR | Aa1 | AA |
| California | A- | A1 | A |
| Colorado | NR | NR | NR |
| Connecticut | AA | Aa3 | AA |
| Delaware | AAA | Aaa | AAA |
| Florida | AAA | Aa1 | AAA |
| Georgia | AAA | Aaa | AAA |
| Hawaii | AA | Aa2 | AA |
| Idaho | NR | NR | NR |
| Illinois | A | A2 | A- |
| Indiana | NR | NR | NR |
| Iowa | NR | NR | NR |
| Kansas | NR | NR | NR |
| Kentucky | NR | NR | NR |
| Louisiana | AA | Aa2 | AA |
| Maine | AA | Aa2 | AA |
| Maryland | AAA | Aaa | AAA |
| Massachusetts | AA+ | Aa1 | AA+ |
| Michigan | AA | Aa2 | AA- |
| Minnesota | AA+ | Aa1 | AA+ |
| Mississippi | AA+ | Aa2 | AA |
| Missouri | AAA | Aaa | AAA |
| Montana | AA+ | Aa1 | AA |
| Nebraska | NR | NR | NR |
| Nevada | AA+ | Aa2 | AA |
| New Hampshire | AA+ | Aa1 | AA |
| New Jersey | AA- | Aa3 | AA- |
| New Mexico | NR | Aaa | AA+ |
| New York | AA | Aa2 | AA |
| North Carolina | AAA | Aaa | AAA |
| North Dakota | NR | NR | NR |
| Ohio | AA+ | Aa1 | AA+ |
| Oklahoma | AA+ | Aa2 | AA+ |
| Oregon | AA+ | Aa1 | AA+ |
| Pennsylvania | AA+ | Aa2 | AA |
| Rhode Island | AA | Aa2 | AA |
| South Carolina | AAA | Aaa | AA+ |
| South Dakota | NR | NR | NR |
| Tennessee | AAA | Aaa | AA+ |
| Texas | AAA | Aaa | AA+ |
| Utah | AAA | Aaa | AAA |
| Vermont | AAA | Aaa | AA+ |
| Virginia | AAA | Aaa | AAA |
| Washington | AA+ | Aa1 | AA+ |
| West Virginia | AA+ | Aa1 | AA |
| Wisconsin | AA | Aa2 | AA |
| Wyoming | NR | NR | NR |
| TOTAL STATES RATED: | 37 | 39 | 39 |
NR=Not Rated
Sources: Fitch Ratings, Moody's Investors Service, and Standard & Poor's