WILMINGTON, Del. – Governor John Carney on Wednesday issued the following statement on the General Assembly’s passage of the Fiscal Year 2021 operating budget: “This has been a difficult several months for Delaware, to be sure. I want to start by thanking members of the General Assembly – and especially members of the Joint Finance […]
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 […]
Early this morning, Governor Jack Markell signed a balanced Fiscal Year 2017 budget funding programs that build on the progress made to increase Delawareans’ opportunities to make the most of their talents. The budget reflects changes realized and reinforced by the Administration and the General Assembly over eight years, helping the state achieve the fastest job growth in the region while raising the quality of life for all Delawareans.
Delaware has received a triple-A credit rating from all three major rating agencies – the highest mark a government agency can achieve.