INDIANAPOLIS, Ind. (WOWO): Indiana is on track to keep it's AAA credit rating, according to a new report.

The Financial Service “Standard and Poor's” said the Hoosier sate is in good shape to keep their highest credit rating in light of the Governors balanced budget constitutional amendment. The report says even though the state managed its finances well in the absence of this requirement, a balanced budget requirement would strengthen Indiana's government framework.

Indiana has held Triple-A ratings with all three agencies, Standard and Poor’s, Moody’s, and Fitch Ratings, since April of 2010.

Governor Pence said, “Indiana continues to stand out because of our strong economic climate. We’ve lowered taxes, held the line on spending, and maintained our reserves, all of which help Indiana keep its competitive edge. As we look to the future, I urge the General Assembly to pass a balanced budget amendment in the coming days to ensure Indiana’s credit rating and overall fiscal reputation remain strong.”