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Tag Archives: Jay Kiedrowski

Minnesota’s budget showdown could threaten the state’s credit rating

Minnesota has traditionally enjoyed high marks from the three primary credit rating agencies - Moody's Investors Service, Standard & Poor's and Fitch Ratings. Starting in 1997, all three firms gave the state their highest Aaa rating. But in 2003 Moody's downgraded Minnesota's bond rating to Aa1, citing concerns about balancing the state's books through volatile, short-term fixes. The assessments of the three firms have remained fixed ever since.

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Dayton meets with former finance commissioners

Former Democratic U.S. Sen. Mark Dayton, who is facing a likely recount in the Minnesota governor's race against GOP nominee Tom Emmer, aligned finance officials of the last four governors on Wednesday to talk about the $6 billion budget deficit and long term fiscal problems in the state.

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