CHICAGO — North Dakota this week was rewarded for its strong fiscal position and relative isolation from the national economic downturn when Standard & Poor’s upgraded its issuer credit rating to AA-plus from AA. 

Analysts praised the state’s history of strong financial management and ability to maintain budget surpluses. “North Dakota’s stability throughout economic cycles has long been a positive credit factor, but evidence of the state’s strength has grown more apparent during the current recession,” analysts said in a release on the rating action.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.