CHARLESTON, W.Va. – State Treasurer Larry Pack, who serves as Chairman of the West Virginia Board of Treasury Investments (WVBTI), today announced that the S&P Global Ratings has given West Virginia’s Money Market and Government Money Market pools their highest possible rating for the 20th consecutive year.
S&P Global Ratings informed the WVBTI it was reaffirming its “AAAm” rating on the West Virginia Money Market and Government Money Market pools. The AAAm rating is given to funds that demonstrate extremely strong capacity to maintain principal stability and to limit exposure to principal losses due to credit risk.
“We say it all the time, but West Virginia is truly in the best financial shape we have ever seen it. Our obligations are funded, record surpluses funnel in every month, and the state’s investments continue to see exceptional returns,” Treasurer Pack said. “We’re proud our state’s Board of Treasury Investments has received this award multiple years in a row, reflecting the commitment to deliver a thorough and understandable financial document to our West Virginia citizens.”
In addition, the Government Finance Officers Association has awarded the Certificate of Achievement for Excellence in Financial Reporting to the BTI for its Annual Comprehensive Financial Report (ACFR) as of June 30, 2025.
The West Virginia Money Market Pool is the state’s largest money market portfolio created to invest the majority of the state and local government operating funds. It contains roughly $8.2 billion in assets under management.
The West Virginia Government Money Market Pool is the lesser of the two funds, containing approximately $572 million. It was created to invest its monies in U.S. Treasury securities and U.S. Government Agency obligations.
Both portfolios are designed with the objective of providing participants with sufficient liquidity for cash operations while providing investment returns that are above inflation.
The West Virginia Board of Treasury Investments (WVBTI) manages approximately $10 billion in short-term investments on behalf of state agencies and local governments.
