AUGUSTA — A major credit-rating agency has raised Maine’s outlook from negative to stable.
Republican Gov. Paul LePage on Thursday touted the announcement by Moody’s Investors Service as a reflection of accomplishments achieved under his leadership. LePage, who is running for re-election, also noted several improvements — paying off hospital debt and enacting pension reform — came when the GOP controlled both the Blaine House and State House.
Last year, Moody’s Investors Service had revised its ratings outlook to negative.
The state’s credit rating remains the same at Aa2, which is near the top but below average for states.
Moody’s said the rating reflects modest revenue improvements, conservative debt structures and significant pension reforms but said concerns remain about pension liability, slow economic growth and available funds.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.