State Review: Wyoming

Standard & Poors, May 2011

Abstract
AAA/Stable; no GO debt outstanding The 'AAA' issuer credit rating (ICR), and stable outlook, on the state of Wyoming reflect what Standard & Poor's Ratings Services views as: The state's economic strength in recent years, with above-average population growth, lower-than-average unemployment, and above-average income levels, although the employment base has depended on the mining sector, as well as agriculture, tourism, and governmental employment; The governor's strong statutory ability to make midbiennium cuts in the event of revenue shortfalls, and regular consensus revenue forecasting; Maintenance of large general fund balances, despite the cyclical components of the state's economic base, enhanced by the existence of a permanent fund, whose interest earnings are available for general fund expenditures; and Low overall debt, pension,...

Companies mentioned in this report are: Wyoming

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Wyoming

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