# West Virginia Upgrades Lottery Revenue Bonds

The State of West Virginia, led by Governor Patrick Morrisey, announced that Fitch Ratings has upgraded the state's lottery and excess lottery revenue bonds from A+ to AA- with a Stable Outlook. This upgrade applies to bonds issued by multiple state authorities, including the West Virginia Higher Education Policy Commission, Economic Development Authority, Water Development Authority, and School Building Authority. The improved credit rating is expected to reduce borrowing costs and increase fiscal flexibility, enabling these agencies to better finance ongoing and future projects across education, economic development, water infrastructure, and school construction.

- **Why this matters:** Procurement professionals should anticipate enhanced funding availability and potentially more competitive financing terms for state projects supported by lottery revenue bonds.
- Agencies involved in infrastructure and development may see accelerated procurement cycles due to improved fiscal conditions.
- Contractors and vendors should evaluate upcoming opportunities linked to these authorities, as the bond upgrade signals stronger investment capacity.
- Organizations can leverage this financial stability to plan long-term engagements with West Virginia state agencies benefiting from the upgraded bonds.

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure
**Topics:** Grants & Funding
**Published:** September 17, 2026

### Government Entities
- West Virginia Higher Education Policy Commission
- West Virginia Economic Development Authority
- West Virginia Water Development Authority
- West Virginia School Building Authority
- Office of the Governor

### Key Quotes
> We’re going to continue managing the state’s finances responsibly so we can keep West Virginia on strong financial footing and deliver better results for our people.
> — Patrick Morrisey, Governor

### Sources
- [Governor Morrisey Announces Fitch Upgrade of West Virginia Lottery Revenue Bonds | WV Office of the Governor Patrick Morrisey](https://governor.wv.gov/article/governor-morrisey-announces-fitch-upgrade-west-virginia-lottery-revenue-bonds) - WV