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Kentuckyâs Fitch credit rating improves to stable
By TOM LATEK
Kentucky Today May 6, 2021
8 hrs ago
Fitch Rating in Kentucky went from negative to stable, a good sign for a recovering economy.
FRANKFORT, Ky. (KT) â One of the big three credit rating agencies has raised Kentuckyâs financial outlook from ânegativeâ to âstable.â
According to the report from Fitch Ratings, released on Tuesday, âThe Outlook revision reflects Kentucky s solid economic recovery to date from the pandemic trough and the Commonwealth s ability to navigate the ongoing budgetary implications without materially weakening its fiscal resilience.â
In addition, Fitch Ratings, which grades their Issuer Default Rating on a best-to-worst scale of âAAAâ to âD,â has affirmed Kentucky at AA-.Â
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