DES MOINES, IA (06/21/2010)(readMedia)-- State Treasurer Michael L. Fitzgerald announced today that once again Moody's and Standard and Poor's have affirmed that Iowa has the highest credit rating possible. "We met with both companies last week and both affirmed that Iowa is a Triple A state." Fitzgerald noted.

According to Moody's report, "The State of Iowa, while not entirely immune to the current economic downturn, has fared relatively well compared to similarly rated states. Iowa's financial position has strengthened in recent years allowing the state to be better prepared for the sudden economic shift."

"The experts agree that Iowa is in a good financial position." Fitzgerald stated, "They continue to recognize the first-rate fiscal management and strong economy of our state and we can stand out as a model to other states. Only seven other states have AAA ratings across the board."