State Credit Ratings – How Does Connecticut Compare?

The Tax Foundation recently released this map illustrating Standard & Poor’s current credit ratings for each state. 

As the map shows, Connecticut is among the 16 states with a AA rating.  The AA group includes four of the six New England states (Connecticut, Maine, New Hampshire, and Rhode Island).  Twenty-eight states have higher credit ratings than Connecticut, including Massachusetts and Vermont (13 are ranked AAA and 15 are ranked AA+).  By comparison, S&P ranks only 6 states lower than a AA.  Illinois’ A- rating is the lowest among the states.