State of the States
In Conning’s 2021 State of the States report, the firm raised its outlook to stable from declining on state credit quality. While the pandemic in 2020 was expected to have a signifianct impact on states’ finances, resilient sales taxes from online purchases, a fast recovery in financial markets, and unprecedented federal aid were among the factors that helped lessen the blow. Conditions suggest states will further stabilize credit quality in the year ahead.

Conning’s annual ranking of each of the 50 U.S. states by credit quality analyzes the strength of balance sheets, economic conditions and socio-economic trends, and states in the West and South continue to be the better performers.
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