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Comparing Mass. Bond Rating To Other New England States'

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.

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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.

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