State of Idaho maintains its AAA credit rating for the fifth year in a row

BOISE, Idaho — Last week, credit agency Fitch Ratings reaffirmed the State of Idaho's AAA credit rating for the fifth consecutive year, citing sound state tax policy, a growing economy, and strong reserve levels.

Barring an "unexpected reversal of strong population, economic, and revenue growth," the State of Idaho can expect its credit rating to remain solid, said the agency.

In the last fifteen years, the State of Idaho saw a population increase of approximately 27%, which far outpaces the national average of 10%.

Furthermore, Idaho has diversified its main revenue sources beyond mining and agriculture to include sectors such as business services, logistics, construction, and healthcare. However, the average per capita income in Idaho still falls below the national average.

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