The PennZone

  • Home
  • Non-profit
  • Business
  • Education
  • Entertainment
  • Technology
  • Construction
  • Celebrities
  • Travel

Moody’s Upgrades Pennsylvania’s Rating Outlook to “Positive” Thanks to the Commonwealth’s Responsible Budgeting and Strong Economy
The PennZone/10244068

Trending...
  • The Finger Comb, a Dream Inspired 3-in-1 Styling Tool introduced by Andrea L. Randolph
  • Bishop Mary's WWDB 860 AM Show Nears Historic 250-Episode Milestone
  • Dog Grooming Businesses Turn to Performance-Based Platforms to Attract Local Clients
Harrisburg, PA ~ Moody's Investors Services has upgraded Pennsylvania's rating outlook to positive from stable and reaffirmed the Aa3 issuer rating, in a testament to the Commonwealth's sound fiscal management under the Shapiro Administration.

The upgrade is a result of significant increase in budget reserves over the past three fiscal years and Moody's assessment that core rainy day reserves will remain near current levels "due to sound budget management and continued steady revenue growth."

Governor Josh Shapiro expressed his pride in Pennsylvania being recognized for its sound financial management. "Today's rating reaffirms that our Commonwealth is on sound financial footing – and that with the commonsense investments we are making, Pennsylvania is on a path for continued economic growth," said Governor Shapiro. "Together with leaders in both parties, we passed a bipartisan, commonsense budget that makes historic investments in Pennsylvania schools and businesses, supports our law enforcement and first responders, and makes our families healthier. I'm proud that Pennsylvania has been recognized for our sound financial management – and my Administration will keep working to grow our economy and ensure the Commonwealth's fiscal outlook remains strong."

More on The PennZone
  • Imagen Golf Revolutionizes Instruction with "The Pronto Lesson,"
  • Uxur Taxi Unveils Luxury 3,000‑Mile Private Driver Service for Nationwide Travel
  • Legacy of Learning Benefit to Support Scholarships at Grace Montessori School
  • Colorfront Launches New Mac App For Creating Apple Immersive Video
  • Michele Mundy's "Divinely Tailored" Gains Momentum

Secretary of the Budget Uri Monson also commented on the importance of this rating for Pennsylvanians. "Sound financial management makes a difference in the lives of Pennsylvanians every day – and this rating and upgraded outlook affirms that the Shapiro Administration is making responsible decisions to ensure fiscal stability for our Commonwealth," said Secretary Monson.

In addition to Moody's upgrade of Pennsylvania's rating outlook, Governor Shapiro also announced that the Commonwealth of Pennsylvania received the Distinguished Budget Presentation Award for the Annual Budget for fiscal year 2023-24 and the Certificate of Achievement for Excellence in Financial Reporting –the highest form of recognition in governmental accounting and financial reporting– from the Government Finance Officers Association.

For more information on Moody's upgrade or on Pennsylvania's bipartisan budget visit shapirobudget.pa.gov or contact ra-gvgovpress@pa.gov

Filed Under: Government, State

Show All News | Disclaimer | Report Violation

0 Comments
1000 characters max.

Latest on The PennZone
  • ULiveUSA Launches New "Moment Marketing" System Using Videos to Help Local Businesses Get More Customers
  • UK Financial Ltd Launches UKFL Premier One as Its Official Broadcast Channel for Premium Content, Podcasts & Independent Expert Analysis
  • HarryPotterObamaSonic10Inu (Ticker: BITCOIN) Is the Best Cryptocurrency in Global History
  • Colonial Nissan Highlights 2026 Armada after Major Best Buy Award Win
  • Dual-Engine Growth Strategy Unleashed Targeting a $9.1B Market and the Exploding AI Biotech Revolution: KALA BIO (N A S D A Q: KALA)
  • The Finger Comb, a Dream Inspired 3-in-1 Styling Tool introduced by Andrea L. Randolph
  • Additions of Tennant, Morrissey, Cummings, Hale Highlight Fandoms at FAN EXPO Philadelphia
  • GitKraken Desktop 12.0 Introduces Agent Mode: Gives Developers Ultimate Control & Visualization While Scaling Parallel Agent Workflows
  • 5 Things to Check Before Calling for AC Repair in Philly
  • Go Dental Clinic Announces Upcoming Opening of New Branch in International City, Dubai
  • Dog Grooming Businesses Turn to Performance-Based Platforms to Attract Local Clients
  • Hazel E Hosts Starline Tours Bus to Sonic Desert - A Launch to Coachella
  • Best Companies Group Launches Free Top Companies to Work for in Arizona Program
  • A Powerful Beginning Inside One of Philadelphia's Most Inspiring Early Childhood Education Centers
  • A1 OM Ads LLC Expands Platform With AI Tools And Digital Marketing Solutions
  • Streater Appointed to Judicial Commission of the Philadelphia Bar Association
  • Contracting Resources Group and Aalis Management Consulting Launch ARG Joint Venture Under SBA Mentor-Protégé Program
  • Space Opera Debut Earns Prometheus Award Nomination
  • Card makers turn to Pink and Main for tools to support their craft
  • Revenue Optics Completes Full Commercial Buildout. A Nine-Month-Old Firm Built on 25 Years of Distribution Expertise. Five Clients From $200M to $3B

Popular on PennZone

  • Registered Nurse Launches Healthcare Wealth Strategy Practice for Healthcare Professionals - 252
  • Actress/Model Raelia Lewis Building a Powerful Name in Entertainment and Fashion - 123
  • 300 Episodes. One Mission: Brother Marcus Ignites a Global Movement of Inspiration
  • R&B Artist Mike Davis Announces Debut Full-Length Album Full Circle, Releasing April 7
  • Bethany Nikitenko Elected Board Vice President of Philadelphia VIP
  • From Speech Therapy to 300+ Episodes: Brother Marcus Turns His Voice Into a Movement Launching a 24/7 Inspiration Radio Network on Day 100 of the Year
  • The Finger Comb, a Dream Inspired 3-in-1 Styling Tool introduced by Andrea L. Randolph
  • Attorney Joseph C. Kreps Files Lawsuit to Stop Alabama State Board of Pharmacy's Unlawful "Revenue-First" Rulemaking
  • Porter's Day Care Empowers Philadelphia's Future Through 45+ Years of Excellence
  • Red5 Taps PubNub to Power the Next Era of Real-Time Interactive Streaming

Similar on PennZone

  • Contracting Resources Group and Aalis Management Consulting Launch ARG Joint Venture Under SBA Mentor-Protégé Program
  • CCHR Rejects Global Psychiatric Push to Electroshock Children
  • iVAM2-ST2110 to Simplify IP Transitions and Reduce Monitoring Complexity
  • Contracting Resources Group Named to the 2026 Inc. Regionals: Mid-Atlantic List
  • Radarsign™ Awarded Sourcewell Contract Expanding Access to Traffic Safety Solutions
  • Mac Mountain Selects netElastic vRouter for LightCraft Broadband-as-a-Service Platform
  • Congressional Roundtable Exposes Mental Health Crisis: More Spending and Treatment, Worse Results – CCHR Demands Accountability
  • Attorney Joseph C. Kreps Files Lawsuit to Stop Alabama State Board of Pharmacy's Unlawful "Revenue-First" Rulemaking
  • CCHR: Psychiatric Drugs Fuel Rising Death Toll: National Adverse Drug Event Awareness Day Confronts America's Medication Crisis
  • Compliance Alert: Maryland, Texas Regulate Use of Artificial Intelligence in Utilization Reviews
Copyright © The PennZone | Theme: OMag by LilyTurf Themes
  • Contribute
  • Privacy Policy
  • Terms of Service
  • Contact Us