...Washington's 'AA+' GO rating and IDR reflect the state's exceptionally strong economy with solid revenue growth prospects, a demonstrated commitment to fiscal balance, and combined long-term liabilities that place a low burden on resources. Fitch Ratings believes the state's strong revenue forecasting and budget control will allow the state to continue to address challenges while maintaining fundamental financial flexibility even at times of economic and revenue decline. Economic Resource Base: Washington's economy is characterized by exceptional recent growth and increased employment diversification. The state enjoyed the fastest rate of growth in the nation in 2018 and is well positioned for strong economic growth, supported by robust population and labor force growth as well as economic diversification. There are some signs of a slowing of the economic expansion after many years of strong growth. The economy is still influenced by Boeing but the manufacturing sector overall is about...
