Jackson Jambalaya

State Treasurer David McRae issued the following statement. 

Mississippi Governor Tate Reeves and Mississippi Treasurer David McRae today announced that S&P Global Credit Ratings has improved the state’s outlook from “negative” to “stable.” The announcement sends a strong signal that Mississippi’s fiscal foundation is strong and that the state is well positioned for continued long-term growth.

“This is more great news for Mississippi and it proves our hard work is paying off. Since I’ve been governor, we’ve finalized a record-breaking $70 billion in new capital investment in our state – that’s going to generate millions in new tax revenue for Mississippi. Economic growth and population growth trends are strong and actually growing stronger,” said Governor Reeves. “When you factor in the work we’re doing to strengthen PERS, the fact we are in the best fiscal and financial shape in history, and our declining overall debt burden, it really should come as no surprise that the outlook improved.”

“The confidence extended by S&P Global Credit Ratings is a clear signal that Mississippi’s financial house is in order,” said Treasurer McRae. “By managing taxpayer dollars responsibly and making smart investments, we are strengthening our state’s balance sheet and building momentum for long-term economic growth. I want to thank Governor Reeves for his financial leadership. Throughout his tenure, Mississippi has proven that disciplined leadership and fiscal responsibility lead to real results.”

Through conservative, results-driven financial management, Mississippi generated a record-breaking $1 billion in interest income in 2025. For comparison, in the five years before Reeves became Governor and McRae became Treasurer, Mississippi averaged just $39 million annually in investment earnings.

These historic returns, combined with other pro-growth policies, have helped restore confidence among credit rating agencies. That confidence can translate into lower borrowing costs for the state, helping stretch taxpayer dollars further and allowing Mississippi to invest more in the priorities that strengthen the state’s economy.