Reuters reported recently that under the leadership of Gov. Scott Walker, Wisconsin has won a "one-notch credit ratings upgrade" from Moody's Investors Service.
"'The upgrade to 'Aa1' reflects the proven fiscal benefits of the state's approach to granting and funding pension obligations when many other states are experiencing stress from rising costs and heavy liabilities; an economy that delivers steady but moderate growth; conservatively managed budgets, and adequate liquidity,' Moody's said in a statement.
Wisconsin's Republican Governor Scott Walker hailed the upgrade, the first for the state from Moody's since 1973, as an affirmation of its 'fiscal stability driven by bold reforms and accountable stewardship of the taxpayer's dollar.'"
This is the first time the the credit agency has upgraded Wisconsin since 1973.