Both Moody’s Investors Service and Fitch Ratings have affirmed their ratings for Massachusetts’ general obligation bonds.
Moody’s rating has stayed at Aa1 while Fitch’s rating has stayed at AA+. Both ratings are the second-highest the agencies give out.
Massachusetts has $438 million in general obligation refunding and new money bonds.
“We are pleased that the rating agencies have reaffirmed Massachusetts’ strong bond ratings at a time when finances in other states are facing increased scrutiny,” said state Treasurer Steven Grossman in a press release.
On Friday, Standard and Poor’s also reaffirmed its rating of Massachusetts bonds at AA.
