Which state in the USA has the worst Credit Rating?
There are three major credit agencies that rate "creditworthiness" of countries, states, companies, etc.; they are S&P, Moody's and Fitch.
As of May 16th, 2025, Moody's rates the United States Aa1. This downgrade from AAA comes after Fitch downgraded the USA in August 2023. S&P gave a downgrade in August 2011. Although the agencies consider the outlook stable, the USA no longer holds a top rating from any of these agencies.
States also have credit ratings, check out their scores below.
| State | S&P | Moody’s | Fitch |
|---|---|---|---|
| Delaware | AAA | Aaa | AAA |
| Florida | AAA | Aaa | AAA |
| Georgia | AAA | Aaa | AAA |
| Indiana (ICR) | AAA | Aaa | AAA |
| Iowa (ICR) | AAA | Aaa | AAA |
| Maryland | AAA | Aaa | AAA |
| Minnesota | AAA | Aa1 | AAA |
| Missouri | AAA | Aaa | AAA |
| Nebraska (ICR) | AAA | Aa1 | NR |
| North Carolina | AAA | Aaa | AAA |
| Ohio | AAA | Aaa | AAA |
| South Dakota (ICR) | AAA | Aaa | AAA |
| Tennessee | AAA | Aaa | AAA |
| Texas (ICR) | AAA | Aaa | AAA |
| Utah | AAA | Aaa | AAA |
| Virginia | AAA | Aaa | AAA |
| Hawaii | AA+ | Aa2 | AA |
| Idaho (ICR) | AA+ | Aaa | AAA |
| Massachusetts | AA+ | Aa1 | AA+ |
| Nevada | AA+ | Aa1 | AA+ |
| New Hampshire | AA+ | Aa1 | AA+ |
| New York | AA+ | Aa2 | AA+ |
| North Dakota (ICR) | AA+ | Aa1 | NR |
| Oklahoma | AA+ | Aa2 | AA |
| Oregon | AA+ | Aa1 | AA+ |
| South Carolina | AA+ | Aaa | AAA |
| Vermont | AA+ | Aa1 | AA+ |
| Washington | AA+ | Aaa | AA+ |
| Wisconsin | AA+ | Aa1 | AA+ |
| Alabama | AA | Aa1 | AA+ |
| Alaska | AA | Aa3 | A+ |
| Arizona (ICR) | AA | Aa1 | NR |
| Arkansas | AA | Aa1 | NR |
| Colorado (ICR) | AA | Aa1 | NR |
| Louisiana | AA | Aa3 | AA- |
| Maine | AA | Aa2 | AA |
| Michigan | AA | Aa1 | AA+ |
| Mississippi | AA | Aa2 | AA |
| Montana | AA | Aa1 | AA+ |
| New Mexico | AA | Aa2 | NR |
| Rhode Island | AA | Aa2 | AA |
| West Virginia | AA- | Aa2 | AA |
| California | AA- | Aa2 | AA |
| Connecticut | AA- | Aa3 | AA- |
| Kansas (ICR) | AA- | Aa2 | NR |
| Kentucky (ICR) | A+ | Aa3 | AA- |
| Pennsylvania | A+ | Aa3 | AA- |
| New Jersey | A | A2 | A- |
| Illinois | A- | A3 | A- |
| Montana | NR | Aa1 | AA+ |
| Wyoming (ICR) | AA | NR | NR |