Indiana has once again secured the highest possible credit rating, marking nearly two decades of financial stability.

Fitch Ratings has reaffirmed Indiana’s ‘AAA’ status for the 17th consecutive year. In its report, the agency cited Indiana’s disciplined budgeting, low long-term debt, and robust cash reserves.

Governor Mike Braun says the top-tier rating is a direct result of “conservative fiscal management,” which leads to lower borrowing costs for public projects like roads and schools. Indiana remains one of only a handful of states to hold a perfect rating from all three major credit agencies.