The First State received some good news on the economic front Tuesday. The state’s AAA credit rating remains intact with all three major rating agencies.
Moody’s Investors Service, Fitch Ratings, and Standard & Poor’s Rating Services all gave Delaware its highest rating. It’s the 16th consecutive year the state had held the AAA rating.
There was some concern that Delaware could face a ratings downgrade. Moody’s said last month that DuPont’s move to cut 17 hundred employees ahead of its planned merger with Dow Chemical was a “credit negative” event for Wilmington, New Castle County and the state. But Moody’s also noted that the impact on the state would “be more muted due to the state's more diverse finances and tax base."
“These reports affirm our progress in strengthening Delaware’s economy, while budgeting responsibly,” said Gov. Jack Markell in a statement. “Recognition of Delaware as one of the top rated states shows Delaware is well-positioned for continued success.”
