Well this is Good News! It was touch and go there for awhile… The State of Loons keeps it’s credit rating. The scary part of this is that only 13 out of 50 States have a AAA rating…
Story from Mpls/St Paul Business Journal:
While the federal government no longer has Standard & Poor’s Standard & Poor’s Latest from The Business Journals Up we go; Market closes sharply higherDow rallies 423 points ThursdayHow Florida kept its AAA rating Follow this company AAA rating, Minnesota can brag that it is still one of only 13 states to have the credit rating agency’s highest mark.
There are three major credit-rating agencies: S&P, Moody’s Corp. Moody’s Corp. Latest from The Business Journals Moody’s may cut defense contractor ratingsGeorgia among few states with triple AAAsMassHousing bond sale will free up M for new loans Follow this company and Fitch Ratings Fitch Ratings Latest from The Business Journals Column: Ohio credit rating boost bucks national trendSMUD bond rating upgraded by FitchSMUD bond rating upgraded Follow this company . While S&P still gives Minnesota’s its highest AAA rating, Fitch lowered its rating for Minnesota last month to AA+, while Moody’s has had a AA+ rating on the state since 2003, though it changed its outlook for Minnesota debt to “negative”. Both the Fitch and Moody changes came in reaction to the Minnesota state government shutdown and the final deal, which relies on the use of tobacco bonds. READ MORE
- Slideshow: 13 states with AAA credit ratings (bizjournals.com)