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SALT LAKE CITY (AP) -- Bond-rating agencies say Utah is in good financial shape.
Standard and Poor's, Moody's Investors Service and Fitch Ratings have maintained Utah's "AAA" bond rating in an annual review.
The review came as Gov. Gary Herbert and Treasurer Richard Ellis traveled to New York City to sit down with the agencies a month ago.
The bond rating means Utah qualified for an exceptionally low interest rate of 2 percent for bonds issued last week that will finance road work and University of Utah building projects.
Standard and Poor's credit analyst Misty Newland says Utah is quick to respond to any budget deficits and has low debt levels.
Herbert says only eight other states enjoy a "AAA" bond rating.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
