I’m happy to report some good news for Michigan and its residents. Fitch Ratings recently revised the state’s credit rating for all bonds to positive from stable and our General Obligation Rating was improved to “AA-.”
This improvement is a result of all the hard work the Legislature accomplished so far this year. While we have had to make many difficult decisions, those choices are now paying off and we finally have Michigan headed in the right direction.
Having our credit rating upgraded is a direct reflection of how the state’s financial position has improved in the past seven months. This fantastic news benefits Michigan and its residents across the state.
While we have made tremendous progress in getting Michigan back on the path of fiscal responsibility, restoring Michigan’s AAA credit rating status is a long-term goal, not a sprint to the finish line. We cannot lose sight of the work ahead of us.
To reach our objective we must continue our efforts to put Michigan back to work, help the state’s economy recover and budget responsibly.
I am committed to staying the course and doing whatever is necessary to get our fiscal house in order. I look forward to updating you as our economic recovery continues.
Sen. Joe Hune represents the 22nd state Senate District, which includes Livingston and Shiawassee counties, and the southern part of Ingham County. The Ingham County portion includes Bunkerhill, Leslie, Stockbridge and Vevay townships, and the cities of Leslie and Mason.