March 22, 2011
Moody's And Fitch Affirm Mass. Bond Ratings
By Christina Davis
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.
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