
IPFS News Link • Economy - Economics USA
Minnesota loses AAA rating on Fitch downgrade
• ReutersMinnesota lost its top credit rating on Thursday as Fitch Ratings downgraded the state's general obligation bonds one notch to AA-plus, citing the budget impasse.
Minnesota's state government has been shut since last Friday, when Democratic Governor Mark Dayton and the Republican-led legislature missed the July 1 deadline for a budget. The governor's latest plan totals about $1.4 billion more than the GOP's $34.2 billion proposal.