COLUMBUS, Ohio (AP) -- Ohio Gov. John Kasich (KAY'-sik) says a decision by Moody's to upgrade Ohio's credit rating, marks the first time in nearly five years that all three major rating agencies have deemed the state "stable."

Kasich announced the Moody's upgrade from negative to stable on Friday. Standard & Poor's similarly improved the state's credit outlook in July.

The state has held Fitch's second-highest AA+ credit rating since at least April 2010.

Kasich said it is the first time since February 2007 that Ohio has had three stable ratings.

The Republican governor said it a statement that he's pleased that "efforts to make Ohio's economy stronger are getting noticed."