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Published December 14, 2013, 11:03 AM

North Dakota global credit rating upgraded to AAA

BISMARCK, N.D. (AP) — Oil-rich North Dakota has received the highest credit rating available from a worldwide financial services company.

By: Associated Press, WDAY

BISMARCK, N.D. (AP) — Oil-rich North Dakota has received the highest credit rating available from a worldwide financial services company.

Gov. Jack Dalrymple says Standard & Poor's decision to upgrade the state's credit outlook to AAA shows a commitment by government leaders to manage the budget and keep money in the bank.

North Dakota is now one of only 15 states to hold the global agency's top rating.

The report released Friday says North Dakota has shown a "very strong capacity to meet financial commitments" and cites the state's low unemployment rate and per-capita gross state product.

The outlook for the state is listed as "stable."

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