State Bond Ratings Report

A credit rating is an independent assessment of the creditworthiness of an entity, a bond, or any similar borrowing instrument. It measures the probability of the timely repayment of principal and interest of a debt obligation by the issuer. Generally, a higher credit rating leads to a more favorable effect on the marketability of a bond, likely reducing the interest rate and the resulting debt service to the State. Long-term credit rating symbols are generally assigned with "triple A" as the highest and "triple B" (or Baa) as the lowest in investment grade. Anything below triple B is non-investment grade, and is commonly known as a "junk bond."

State of West Virginia Bond Credit Ratings

Moody's Investor Service * Standard & Poor's * Fitch Ratings *
General Obligation Bonds Aa2 AA- AA
Lottery Revenue Bonds (1) A1 AAA N/R (no rating)
Excess Lottery Revenue Bonds (1) A1 AAA A+
Lease Revenue/Appropriation Bonds Aa3 A+ AA-

Submitted by the WV State Treasurer's Office

(1) This does not include certain bonds issued with a limited lottery pledge, such as the bonds issued by the West Virginia Higher Education Policy Commission. * Credit reports may be obtained by visiting the website of the credit rating agencies

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Information in the Bond Ratings area of this Web site is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

These web pages contain information relating to debt management and bonds or other obligations of the State of West Virginia. The purpose of this section is to provide general information about the State of West Virginia, its debt management, and its borrowing programs. The information is provided for quick reference only and is not a summary or a compilation of information for any particular bond issue. It does not purport to include every item which may be of interest, nor does it purport to present full and fair disclosure within the meaning of applicable securities law with respect to any of the matters or programs addressed. Investment decisions should be made only after full review of the official statement and other relevant matters in connection with a particular bond issue.

The State of West Virginia has not undertaken, and is not under any obligation to update any information included on these pages and cannot guarantee the accuracy, timeliness, or completeness of this information. The documents available on these pages set forth information as of their respective dates and the posting of these documents or other information on these web pages does not imply that there has been no change in the affairs of the State of West Virginia since the date of posting that information. Any addresses of or links to other websites which may be contained herein are given solely for the convenience of the user only. The State of West Virginia has not participated in the preparation, compilation or selection of information on any other website, and assumes no responsibility or liability for the contents thereof.

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