ARIZONA CREDIT OUTLOOK UPGRADED

posted by Andrea Kelly

Governor Jan Brewer said the news that Standard and Poor's credit rating agency has upgraded Arizona's credit outlook from "negative" to "stable" is another sign the state is starting to get back into good financial shape.

In a statement, she said the upgrade is, “validation that we’re on the right path.”

This is just the latest sign of Arizona’s improving economy, she said. Other good indicators she cites are nearly thirteen thousand jobs added in November, and the higher-than expected sales tax receipts the state is seeing so far this year.

The state government needs to remain small and efficient, she said, so that growth in the private sector can continue the trend.