This post was originally published on the Public Notice: Bankrupting America Blog. Standard & Poor’s recent downgrade of the United States’ credit rating leaves 13 states with higher ratings than the federal government. As reported by USA Today, S&P has yet to announce plans to downgrade the ratings of states and municipalities, but the effect may be felt … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. Though Minnesotans are finally with a budget, the days of their pristine credit rating by Moody’s are long gone, as the state has been AA-1 since 2003. Only 15 states can claim AAA, the highest rating, but the debt ceiling poses a threat to their … Continue reading