Credit Rating Upgrade Doesn’t Clear Arizona of its Pension Problems

In Politics by Michael Rae

In a press release yesterday, Arizona Gov. Doug Ducey announced that the credit rating agency Moody’s Investors Service is upgrading Arizona’s credit rating from Aa2 to Aa1, the second-highest rating Moody’s offers. In addition to citing an increased tax base—due in large part to recent economic growth—as the main driver