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State Review: Wyoming
Standard & Poors, May 2011
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
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Research Type: Commentary
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