Strengthen government's ability to achieve results efficiently and effectively

Indicator 3: Adequacy of Safeguards for Public Funds

Measure a: State’s bond rating history

Description:

Statewide turnover in the first half of FY08 was slightly above the same time period in FY07.

This indicator is the percentage of state employees who left state service for any reason, including resignation, retirement, dismissal, and others. It does not reflect employees transferring between agencies, only those leaving state service.

Data prior to FY07 is not comparable to data in FY07 and later years, due to data query revisions after conversion to HRMS. Prior to FY 07, some non-permanent employees were included in the turnover data.

Washington State Bond Rating History
	Date	Action	Rating	Outlook
Fitch	Jul-90	Initial Rating	AA	n/a
	Nov-97	Rating Upgrade	AA+	n/a
	Nov-02	Rating Downgrade	AA	n/a
	Jul-06	Outlook Added	AA`	Stable
	Dec-07	Outlook Change	AA	Positive
Moody’s	Jan-81	Initial Rating	Aa to A1	n/a
	Jan-82	Rating Downgrade	A1 to A	n/a
	Jul-86	Rating Upgrade	A to A1	n/a
	Jan-90	Rating Upgrade	A1 to Aa	n/a
	Jan-97	Rating Upgrade	Aa to Aa2	n/a
	Jun-97	Rating Upgrade	Aa2 to Aa1	n/a
	Dec-01	Outlook Change	Aa1	Negative
	Jan-06	Outlook Change	Aa1	Stable
Standard & Poor’s	Nov-69	Initial Rating	A	n/a
	Mar-70	Rating Upgrade	AA	n/a
	Nov-75	Rating Upgrade	AA+	n/a
	Oct-81	Rating Downgrade	AA	n/a
	Jan-82	Rating Downgrade	AA-	n/a
	Jul-86	Rating Upgrade	AA	n/a
	Aug-91	Outlook Assigned	AA	Positive
	Mar-93	Outlook Change	AA	Stable
	Jun-96	Outlook Change	AA	Positive
	Jul-97	Rating Upgrade	AA+	Stable
	Mar-02	On CreditWatch	AA+	WatchNeg
	Jul-02	Off CreditWatch	AA+	Negative
	Jan-04	Rating Downgrade	AA	Stable
	Nov-07	Rating Upgrade	AA+	Stable

Source:

State Treasurer's Office