FOR IMMEDIATE RELEASE

April 30, 2024

Contact: Amelia Joy

Gov. Noem Celebrates South Dakota’s Reaffirmed AAA Credit Rating 

PIERRE, S.D. – Today, Governor Kristi Noem celebrated S&P’s reaffirmation of South Dakota’s AAA credit rating.

“The experts recognize South Dakota’s economic strength and success,” said Governor Noem. “Our state is thriving because of the conservative decisions we continue to make. I am proud of the work we’ve done here and am glad South Dakota is receiving national recognition.”

S&P noted South Dakota’s low debt levels, historically resilient economic profile, and strong population growth.

“Our ICR on South Dakota reflects the state's extensive history of adopting structurally balanced budgets, stable financial performance, and maintenance of what we view as very strong reserves,” wrote S&P. 

South Dakota’s rating outlook remains stable. Our dedication to fiscal conservatism, strong money management, and continued low unemployment will ensure South Dakota’s long-term economic success. 

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