Gov. Scott Wrong to Claim Florida's Credit Rating Was Upgraded, Says PolitiFact

An improved outlook is not the same as an improved credit rating.
TAMPA (2011-8-19) -

Did Florida's credit rating get upgraded at the same time the nation's credit rating was downgraded? That's the claim being made by Governor Rick Scott and other Florida Republicans.

They say Florida is being rewarded by Standard and Poor’s for cutting spending and taxes.

With Standard & Poor's recent downgrade of America's credit rating, Republicans in Florida are trying to draw a contrast with President Barack Obama by claiming that Florida's credit rating has been upgraded.

But Aaron Sharockman of PolitiFact Florida says that claim is false.

“Florida's credit rating has not been upgraded. It's been AAA since 2005. What happened here is in July, S&P changed what they call the outlook for Florida's credit rating,” he said.

That outlook changed from "negative" to "stable."

But Sharockman says an improved outlook is not the same as an improved credit rating.

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