Conning’s 2024 State of the States report is our latest annual evaluation of the credit conditions of all 50 U.S. states. The report includes insights from our municipal credit research team and is presented in a highly interactive format to aid your understanding of the metrics shaping our analysis.
Conning has reinstated our “stable” outlook to state credit quality from the “declining” view we held last year. While state finances appear strong with healthy reserves, inflation and rising costs are beginning to impact budgets and we suggest states prioritize needs over wants in spending plans.
Our interactive platform allows you to examine in detail the 13 metrics behind our analysis. We also provide a history of our overall State of the States rankings dating back to 2008 and a downloadable pdf of the 2024 report.