Idaho once again received a AAA Issuer Default Rating (IDR) dated 10/28/22 rating from Fitch.
According to Fitch, the IDR/AAA rating reflects the state's credit strengths, including broad powers over spending and revenues, strong reserve levels, low long-term liability burden, and expected solid long-term economic growth.
Fitch Ratings believes the state is well positioned to absorb the consecutive rounds of tax cuts adopted to date, given Idaho's prudently managed budget with significant one-time spending that rolls off to create fiscal capacity. Idaho's economy has benefited from a sustained period of above-average population and job growth that has continued in recent years.
Download full report here.