Credit rating agency anticipates 'resilient' Florida economy to outpace U.S. inflation

TALLAHASSEE, Fla. (FLV) – Fitch Ratings recently affirmed Florida’s AAA credit rating, the highest achievable among the credit rating organization.

The U.S. was downgraded to AA+.

In Fitch’s full report, the company expressed an optimistic outlook for the Sunshine State’s financial situation.

The group gave multiple reasons for handing Florida the best credit rating, one being the state’s “continued economic and population growth,” which Fitch said is a prime factor in their assessment that Florida’s revenue will outpace U.S. inflation over time.

Other actions cited include tax cuts for things like baby and toddler products, approving raises for state employees, investing in local preservation, accelerating infrastructure improvements and more.