WNPR

Comparing Mass. Bond Rating To Other New England States'

Jun 15, 2017
Originally published on June 16, 2017 2:36 pm

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+.

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