We recently covered a lot of the fallout from Standard and Poor’s recent downgrade of the debt of the United States. The United States has 50 states which also issue their own debt, and get their own credit rating from the credit ratings firms. Luckily (this time) the legwork has been done, and I’m able to just link you to the primary source, the Tax Foundation! So view on to see the credit ratings of the states.
The Tax Foundation compiled the S&P credit rating of each of the 50 states and put it in a nice graphic which you can see here:
State S&P Credit Ratings, As of July 15, 2011
Some key takeaways: California has the worst rating at A-, and I count 13 states at ‘AAA’, better than the United States! Click on the image to go to the original article, and discuss in the comments…