Indiana earns highest possible AAA credit rating from Fitch Ratings for the 17th consecutive year
Indianapolis, Indiana – Indiana has once again secured the highest possible credit rating from a major national ratings agency, continuing a long streak that highlights the state’s financial discipline and economic stability. According to state officials, Fitch Ratings has assigned Indiana a ‘AAA’ credit rating for the 17th consecutive year, reinforcing the state’s reputation for strong fiscal management and responsible budgeting.
The ‘AAA’ designation represents the highest rating available and signals that a state maintains excellent financial health and a strong ability to meet its financial obligations. The rating also suggests stability and confidence in how the state manages public funds and long-term economic planning.
Fitch cited several key strengths behind the decision to maintain Indiana’s top credit rating. These included the state’s consistent fiscal discipline, low long-term liabilities, and careful approach to budgeting. The agency also noted Indiana’s strong operating profile and the state’s history of making prudent financial decisions when managing revenues and spending.
Along with the ‘AAA’ rating, Fitch also affirmed additional credit ratings connected to other financial programs within the state. These include an ‘AA+’ rating for Indiana’s appropriation-backed debt and its school aid intercept program. The agency also reaffirmed an ‘AA’ rating related to Indiana’s counterparty obligation tied to the Ohio River Bridges and East End Crossing project.
State Leaders Highlight Fiscal Responsibility
Governor Mike Braun said the continued recognition reflects Indiana’s long-standing commitment to careful financial stewardship and transparency when managing taxpayer funds.
“Indiana has earned this top rating because we manage taxpayer dollars with discipline and transparency,” Gov. Braun said. “This ‘AAA’ rating means lower borrowing costs and greater stability for Hoosier families. It’s proof that conservative fiscal management delivers real results.”
State leaders say maintaining the top credit rating provides several benefits for Indiana residents. One of the most significant advantages is that the rating allows the state to borrow money at lower interest rates when funding major infrastructure or development projects. Lower borrowing costs can ultimately save taxpayers money over time.
Fitch also highlighted Indiana’s strong financial reserves as an important factor in maintaining the top rating. Healthy reserves help provide stability during economic downturns and allow the state to better manage financial challenges that may arise during shifts in the economy.
Indiana Office of Management and Budget Secretary Lisa Hershman also emphasized the importance of maintaining strong financial planning practices.
“Maintaining this top credit rating matters because it keeps borrowing costs low, saves taxpayer dollars, and enhances our ability to invest in priorities like infrastructure, education, and economic development,” Secretary Hershman said. “Fitch’s reaffirmation is a testament to Indiana’s thoughtful financial policies and strategic planning.”
Officials say the continued ‘AAA’ rating places Indiana among a small group of states nationwide that hold the highest credit ratings from all major credit-rating agencies. State leaders believe the recognition demonstrates the effectiveness of Indiana’s long-term fiscal strategy and its commitment to responsible financial management.
