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 | AA | Aa2 | AA- |
| Lease Revenue Bonds* | AA- | 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 | A+ | Aa2 | AA |
| Arizona* | NR | Aa1 | AA |
| Arkansas | NR | Aa1 | AA+ |
| California | AA | Aa2 | AA- |
| Colorado* | NR | Aa1 | AA |
| Connecticut | AA- | Aa2 | AA- |
| Delaware | AAA | Aaa | AAA |
| Florida | AAA | Aaa | AAA |
| Georgia | AAA | Aaa | AAA |
| Hawaii | AA | Aa2 | AA+ |
| Idaho* | AAA | Aaa | AA+ |
| Illinois | A- | A2 | A- |
| Indiana* | AAA | Aaa | AAA |
| Iowa* | AAA | Aaa | AAA |
| Kansas* | NR | Aa2 | AA- |
| Kentucky* | AA- | Aa2 | A+ |
| Louisiana | AA- | Aa2 | AA |
| Maine | AA | Aa1 | AA |
| Maryland | AAA | Aa1 | AAA |
| Massachusetts | AA+ | Aa1 | AA+ |
| Michigan | AA+ | Aa1 | AA |
| Minnesota | AAA | Aaa | AAA |
| Mississippi | AA | Aa2 | AA |
| Missouri | AAA | Aaa | AAA |
| Montana | AA+ | Aa1 | NR |
| Nebraska | NR | Aaa | AAA |
| Nevada | AA+ | Aa1 | AA+ |
| New Hampshire | AA+ | Aa1 | AA+ |
| New Jersey | A | Aa3 | A+ |
| New Mexico | NR | Aa2 | AA |
| New York | AA+ | Aa1 | AA+ |
| North Carolina | AAA | Aaa | AAA |
| North Dakota* | NR | Aa1 | AA+ |
| Ohio | AAA | Aaa | AAA |
| Oklahoma | AA | Aa1 | AA+ |
| Oregon | AA+ | Aa1 | AA+ |
| Pennsylvania | AA | Aa2 | A+ |
| Rhode Island | AA | Aa2 | AA |
| South Carolina | AAA | Aaa | AA+ |
| South Dakota* | AAA | Aaa | AAA |
| Tennessee | AAA | Aaa | AAA |
| Texas | AAA | Aaa | AAA |
| Utah | AAA | Aaa | AAA |
| Vermont | AA+ | Aa1 | AA+ |
| Virginia | AAA | Aaa | AAA |
| Washington | AA+ | Aaa | AA+ |
| West Virginia | AA | Aa2 | AA- |
| Wisconsin | AA+ | Aa1 | AA+ |
| Wyoming* | NR | NR | AA+ |
| TOTAL STATES RATED: | 42 | 49 | 49 |
NR=Not Rated
*This state does not have general obligation (GO) debt outstanding; the state’s issuer credit rating is listed in place of a GO bond rating.
Sources: Fitch Ratings, Moody's Investors Service, and Standard & Poor's