Maine’s Bond Ratings Drop

Updated 1 year ago

A major ratings service has downgraded Maine’s bond ratings.Fitch has lowered Maine’s $472 million in general obligation bonds from AA+ to AA.$1.4 billion of the Maine Municipal Bond Banks’s general resolution bonds have been lowered from AA- to A+.Fitch says the state’s persistent budget gaps are the reason for the downgrades.A lowered bond rating can mean having to pay higher interest rates.


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