Wyoming officials hope increased credit rating attracts new businesses

A leading national credit rating agency has upgraded Wyoming to its highest possible rating, an indication of the state’s fiscal soundness that officials and analysts say could help attract new businesses.

Earlier this month, Standard & Poor’s raised Wyoming’s credit rating from AA+ to AAA, citing the state’s economic strength, low debt levels and conservative budgeting and forecasting practices, among other factors. Wyoming’s outlook is "stable," according to the agency.

Only 11 other states currently have S&P’s top rating, most of which are in the East and Midwest.

By JEREMY PELZER Star-Tribune capital bureau

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