BOISE - Today Fitch Ratings reaffirmed Idaho’s AAA Issuer Default Rating (IDR), citing the state’s broad powers over spending and revenues, strong reserve levels, low long-term liability burden and expected solid long-term economic growth.

 

The top-tier rating reflects Idaho’s conservative fiscal practices and consistent economic growth. Fitch also noted the state’s strong reserves and ability to adapt to changing economic conditions.

 

Fitch believes Idaho is “well positioned to absorb multiple rounds of recent tax cuts and dedicated spending allocations from the general fund, given Idaho's prudently managed budget with significant one-time spending that rolls off to create fiscal capacity.”

 

This rating ensures Idaho continues to access low-cost financing and signals ongoing confidence in the state’s financial stability.



Idaho State Treasurer Julie Ellsworth stated, "Achieving a triple A credit rating once again is a testament to Idaho's strong financial management and unwavering commitment to fiscal responsibility."