September 17, 2007
Virginia has retained the highest possible ranking as a Tier 1 state in the 2007 Moody’s U.S. States Credit Scorecard.
Virginia has held the rating since 1938, when Moody's first began rating states and municipal governments throughout the country. The ranking puts Virginia in the top ten of all states.
“The rating agencies recognize that Virginia has a bipartisan history of strong fiscal management, a diverse economy, and a business-friendly environment” said Governor Tim Kaine.
The Commonwealth received top tier ranking in three of Moody’s four categories of analysis.