Hunstman in NYC to Tout Utah

None by KCPW

(KCPW News) Governor Huntsman is in New York City today hoping to convince the nation's top banks that Utah is still a good investment.

"We've got a Triple A rating on our bonds, and it's real important to maintain that," says John Nixon who heads the Governor's Office of Planning and Budget and will join Huntsman on the trip. "And so to have the Governor come back and lay his vision out to these analysts is very important to do."

Huntsman will meet with Standard and Poors, Moody's, Fitch, JP Morgan Chase and Goldman Sachs today. This is Huntsman's first visit to the banking firms as Utah Governor, though Nixon says he is well-acquainted with the financial markets from his work as a businessman and diplomat.

Normally the banking updates take place by phone, but Huntsman felt it important to meet in person since Utah plans to issue about 65-million dollars in bonds for transportation and buildings this year. If the meetings go well, Nixon says Utah will keeps its perfect bond rating and low interest rate for those bonds.

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