Refunding transaction helps address the State’s budget challenges WILMINGTON, Del. – The State of Delaware today announced the successful refunding of $33 million of debt at a record low Total Interest Cost of 0.79%. The transaction will save the State $5.2 million in debt service on a net present value basis over the next decade and is […]
All three major credit rating agencies award Delaware with ‘AAA’ bond rating WILMINGTON, Del. – All three major credit rating agencies have once again awarded Delaware with a ‘AAA’ rating, citing the state’s ongoing commitment to strong fiscal management. With this endorsement, Moody’s Investors Service, Fitch Ratings, and Standard & Poor’s Global Ratings have favorably […]
Rating agencies express confidence in Delaware’s financial management WILMINGTON, Del. – The three major rating agencies have once again awarded Delaware a Triple-A credit rating, the highest mark that a state can achieve. Delaware has earned the Triple-A rating for 17 years, and the rating agencies continue to express confidence in Delaware’s strong financial management […]
Delaware has received a triple-A credit rating from all three major rating agencies – the highest mark a government agency can achieve.