North Dakota Credit Rating Raised To AAA

The Dickinson Press is reporting:

Standard & Poor’s Rating Services has upgraded North Dakota’s credit rating from AA to AAA, making the state one of only 15 in the nation to hold the financial services company’s top credit rating, Gov. Jack Dalrymple announced Friday.

The major credit house also upgraded North Dakota’s appropriation debt rating and obligation debt rating to better reflect the state’s “very strong capacity to meet financial commitments,” the governor’s office stated in a news release.

The only question is: You mean to say there were fourteen other states with AAA rating when North Dakota did not have such a rating these past two years? What took so long?