Texas continues to outperform the country…Texas’ credit rating improves
Texas created more jobs than any other state last year (70% of the jobs created in the U.S. were in Texas), is the number one exporting state, the top state for businesses to relocate, has the most Fortune 500 Companies, has been rating #1 for transparency, has more wind generation than any other state, on and on. Now our good credit rating has improved.
Standard & Poors has raised Texas Issuer Credit and General Obligation Ratings 'AA+' from 'AA' on continued diversifying economy S&P raised its issuer credit rating (ICR) and general obligation (GO) rating on Texas to 'AA+' from 'AA' based on the state's continued economic diversification, and expectation that state officials and policy makers will remain committed to the maintenance of an adequate level of reserves in the Economic Stabilization Fund (rainy day fund).
"The ratings continue to reflect our opinion of the state's large and steadily diversifying economy, which despite the recession continues to perform better than the nation in terms of both economic activity and employment."
This doesn't happen without leadership.
Washington, D.C. should look to Texas for answers on how to improve the economy and grow jobs.
You won’t see Texas enacting a global warming tax or attempting to socialize medicine. Is anyone in Washington, D.C. paying attention?
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