Under Treasurer Smith’s Leadership Iowa’s Aaa Credit Rating is Reaffirmed

State Treasurer Roby Smith is pleased to announce the State of Iowa’s Aaa credit rating from Moody’s Ratings (Moody’s) was affirmed on March 4, 2026.

“Moody’s Aaa stable rating shows that Iowa continues to demonstrate strong financial stewardship in the State Treasury,” said Treasurer Smith. “This recognition reflects responsible reserve management and long-term commitment to protecting taxpayer dollars.”

Moody’s Aaa stable outlook reflects Iowa’s consistent robust budgetary reserves supported by conservative financial management and strong governance practices. The state’s strong management of IPERS (Iowa’s Public Employees’ Retirement System), in conjunction with a minimal debt burden, helps keep long-term obligations in check. In addition, the state’s strong financial standing result in fixed costs that remain among the lowest in the nation.

Moody’s, a leading provider of credit ratings and risk analysis, assigns ratings to states after consideration of their economy, finances and institutional framework. Ratings from Moody’s are forward-looking in nature, provide investors with decision-making tools and a compass for understanding.

A soundbite from Treasurer Smith is available for your use.

Connect with the Treasurer on Facebook, Instagram and X, to stay informed of updates and news.