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Comparing Mass. Bond Rating To Other New England States'

New England Public Media | By Alden Bourne
Published June 15, 2017 at 12:38 AM EDT

The credit rating for Massachusetts is now on par with most New England states. That's after a major credit rating agency downgraded the state's bonds.

S&P Global Ratings lowered the rating for Massachusetts one level to AA. It's the first downgrade for the state's bonds in nearly thirty years.

S&P cited the state's failure to rebuild its rainy day fund, even though Massachusetts has enjoyed above-average economic growth compared with other states.

Last month, S&P downgraded Connecticut's bonds, citing economic weakness.

Vermont currently has the highest rating from the agency of all New England states. Its bonds are rated AA+.

New England States' General Obligation Bond Ratings

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The Massachusetts Statehouse.
File photo / State House News Service
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State House News Service
The Massachusetts Statehouse.

Copyright 2017 New England Public Media
Business News
Alden Bourne
Before joining New England Public Radio, Alden was a producer for the CBS NEWS program 60 Minutes. In that role, he covered topics ranging from art, music and medicine to business, education, and politics. Working with correspondent Morley Safer, he reported from locations across the United States as well as from India, Costa Rica, Italy, and Iraq.
See stories by Alden Bourne

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Federal funding is gone.

Congress has eliminated all funding for public media.

That means $2.1 million per year that Connecticut Public relied on to deliver you news, information, and entertainment programs you enjoyed is gone.

The future of public media is in your hands.

All donations are appreciated, but we ask in this moment you consider starting a monthly gift as a Sustainer to help replace what’s been lost.

Donate

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