Gov. Ige Pleased With Hawaii’s High Credit Rating

Fitch Ratings has upgraded the state’s general obligation bond rating from AA to AA+.

By /

Hawaii Gov. David Ige on Wednesday welcomed the news that Fitch Ratings upgraded the state’s general obligation bond rating — that is, its credit rating — from AA to AA+.

According to a press release from the administration, the upgrade is based on the state’s “resilient economy and continued strong performance.”

Govenor David Ige beams with smiles saying he is usually a positive person in regards to why he was smiling during press conference.
Gov. David Ige, seen here at the Capitol in May, is pleased with the state’s latest credit rating. Cory Lum/Civil Beat

Hawaii’s current ratings from Moody’s Investors Service (Aa1) and Standard & Poor (AA+) raises Hawaii’s G.O. bond credit ratings to “the highest levels ever achieved in state history.”

The administration said the high ratings will help Hawaii reduce borrowing costs and increase savings for taxpayers.

“My administration has actively promoted budgetary and financial policies to live prudently within our means, address our long-term liabilities and grow financial reserves,” Ige said in the press release.

He added, “I must thank Budget Director Neal Miyahira who has helped to implement our policies and guide us to this point.”

It's our job to make sense of it all.

The decisions shaping Hawaiʻi are happening right now, which is why it’s so important that everyone has access to the facts behind them.

By giving to our spring campaign TODAY, your gift will help support our vital work, including today’s legislative reporting and upcoming elections coverage.

Donate

About the Author