(The Center Square) – Texas has maintained its AAA/Aaa credit rating from the major credit rating agencies S&P Global Ratings, Fitch Ratings, Moody’s Investors Service and KBRA, the state comptroller’s office announced.

The credit rating agencies cite “Texas’ diversified economy, steady population growth, strong fiscal reserves and disciplined financial practices in reaffirming the state’s credit standing,” Acting Texas Comptroller Kelly Hancock said. They all also state that Texas’ financial outlook is stable going forward.