Governor Kristi Noem is celebrating Fitch Ratings’ affirmation of South Dakota’s AAA credit rating.
“South Dakota’s conservative fiscal policies work. They make our people more prosperous and our government more efficient – and this rating reaffirms those facts,” said Governor Noem. “In South Dakota, we focus on our priorities. And our top priority is and always will be taking care of our people.”
Fitch Ratings noted South Dakota’s diverse economy, highlighting the state’s agriculture, manufacturing, trade, finance, and tourism industries.
“The state’s ‘AAA’ IDR is supported by consistently well managed fiscal operations, including strong reserve balances and a history of maintaining budgetary structural balance,” wrote Fitch Ratings.
South Dakota’s rating outlook remains stable. Our dedication to fiscal conservatism, strong money management, and continued low unemployment will ensure South Dakota’s long-term economic success.