| Table 29:
State Government Bond Ratings, 1996 | |||||
| Rank | State | Rating | Rank | State | Rating |
| 1 | Georgia | Aaa | 3 | Oklahoma | Aa |
| 1 | Maryland | Aaa | 3 | Oregon | Aa |
| 1 | Minnesota | Aaa | 3 | Texas | Aa |
| 1 | Missouri | Aaa | 3 | Vermont | Aa |
| 1 | North Carolina | Aaa | 3 | Washington | Aa |
| 1 | South Carolina | Aaa | 3 | Wisconsin | Aa |
| 1 | Tennessee | Aaa | 4 | California | A1 |
| 1 | Utah | Aaa | 4 | Illinois | A1 |
| 1 | Virginia | Aaa | 4 | Massachusetts | A1 |
| 2 | Delaware | Aa1 | 4 | Pennsylvania | A1 |
| 2 | New Jersey | Aa1 | 4 | Rhode Island | A1 |
| 2 | New Mexico | Aa1 | 4 | West Virginia | A1 |
| 2 | Ohio | Aa1 | 5 | NEW YORK | A |
| 3 | Alabama | Aa | 6 | Louisiana | Baa1 |
| 3 | Alaska | Aa | Arizona | NA | |
| 3 | Arkansas | Aa | Colorado | NA | |
| 3 | Connecticut | Aa | Idaho | NA | |
| 3 | Florida | Aa | Indiana | NA | |
| 3 | Hawaii | Aa | Iowa | NA | |
| 3 | Maine | Aa | Kansas | NA | |
| 3 | Michigan | Aa | Kentucky | NA | |
| 3 | Mississippi | Aa | Nebraska | NA | |
| 3 | Montana | Aa | South Dakota | NA | |
| 3 | Nevada | Aa | Wyoming | NA | |
| 3 | New Hampshire | Aa | U.S. Average | NA | |
| 3 | North Dakota | Aa | N.Y.S. % above avg. | NA | |
| Source: Moody's Investors Service, August 1996 | |||||
| Table 28 | Table 30 |