CHICAGO — Oil-rich North Dakota snagged a coveted AAA rating from Standard & Poor's Friday.

The news came as the state's oil regulators announced that production has reached an all-time high, at 940,000 barrels a day, from the Bakken oil field. The state could pass one million barrels a day by 2014, the state said. Only Texas generates more oil.

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.