Jimmy Patronis: Florida’s ‘AAA’ Credit Rating Shows the State’s Economy is Strong

This week, state Chief Financial Officer (CFO) Jimmy Patronis weighed in on S&P Global reaffirming Florida’s “AAA” rating with a stable outlook.

“Florida’s outstanding Triple-A bond rating was reaffirmed today by top credit rating agency S&P Global. This is a tremendous accomplishment and underscores the prudent financial management and hard work of so many to maintain a strong economy during the unprecedented impacts of the COVID-19 pandemic. A great state credit rating creates a huge savings to Florida taxpayers and helps ensure the strong financial footing of our state. Florida has shown time and time again that we’re going to live within our means and support economic drivers like tourism, transportation and small businesses. While other states searched for ways to lockdown during the pandemic and stifle their economies with burdensome mandates, Florida has persevered and thrived,” Patronis said.

“Thank you to Governor Ron DeSantis for pushing forward measures to protect our communities and businesses, providing vaccination and therapeutic options to battle the pandemic while safely re-energizing our economy, supporting businesses, and saving Florida jobs,” Patronis added.

“With 2022 in sight, Florida’s economic outlook continues to surprise to the upside from our initial expectations following the onset of the pandemic more than a year ago,” noted S&P Global.

The credit rating agency also contended that Florida is well-positioned to continue to benefit from economic recovery.

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