The State of Delaware has again received the highest possible credit rating for its anticipated sale of general obligation bonds, according to Gov. Ruth Ann Minner's office.
On Thursay, Jan. 1, 2009, Gov. Minner said, “The triple-A bond rating shows that we have continued to be fiscally responsible in managing our finances, despite the current economy. This rating reflects Delaware’s strong financial management and our ability to maintain the state’s good financial health even in tough times.”
Delaware has maintained a triple-A bond rating from all three major rating agencies since 2001, making Gov. Minner the first chief executive in the state’s history to receive this rating during her entire eight-year tenure as Governor.
Delaware is one of just six states that have held a triple-A bond rating from all three rating agencies during the same period of time.
A triple-A rating means Delaware will pay the lowest interest rates on borrowed money, which ultimately saves taxpayers' money.