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Tag Archives: Rudy Perpich

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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Senate DFL: Goodbye to all that

In 1972, the state Senate's Liberal Caucus won the majority in the general election. When they took office, both chambers switched to a partisan affiliation footing, and and Senate DFLers started a run in the driver's seat that would last nearly 40 years. As Republicans prepare to end their 38-year drought by taking control of the Senate next week, Capitol Report sifted through the archives to glean some of the defining moments in the upper chamber during the decades of DFL rule.

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