‘Stayed the course:’ Florida receives higher credit rating than the US. Here’s why

On Thursday, Fitch Ratings again affirmed a AAA credit rating for the state of Florida — the highest rating that Fitch has to offer.

This puts the state above the U.S., which as a whole was downgraded to AA+ by Fitch last year due to political divisions and massive debt struggles at the federal level.

In the same year, Fitch affirmed the Sunshine State at its highest rating due to the state’s “history of sound financial management practices, high gap-closing capacity and reserves, and low long-term liability.”