Stay Curious. Stay Connected.
MailNewsletters♡Donate Now
Sign up
*Password must be at least 8 characters and contain one uppercase letter, one lowercase letter, one number and one symbol.
Already have an account?
By submitting, you consent that you are at least 18 years of age and to receive information about MPR's or APMG entities' programs and offerings. The personally identifying information you provide will not be sold, shared, or used for purposes other than to communicate with you about MPR, APMG entities, and its sponsors. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.
Sign in to your profile
Forgot Password?
New to MPR News?
Welcome back
to news
for you
Reset Password

Enter the username on file and we'll send you a code to reset your password.

Still require assistance or not sure what your User Name is?
Welcome back
to news
for you
Email Verification

A verification code has been emailed to

Still awaiting the code?
St. Paul, Minn. (AP)

Moody's sees gloom for MN state, city, school debt

Go Deeper.

Create an account or log in to save stories.

Like this?

Thanks for liking this story! We have added it to a list of your favorite stories.

One of the three big credit rating agencies has lowered its outlook for three kinds of government debt in Minnesota.

Moody's Investors Service says it sees financial risk ahead for state general obligation bonds as well as state-backed credit for school districts and local governments.

The New York-based agency cut its outlook from stable to negative.

Moody's kept its Aa1 credit rating for the state of Minnesota, the second-highest rating. The agency's rating for school district and local government debt remains one notch lower at Aa2.

The agency said Wednesday that local governments and school districts could be hurt by the state's budget problems, including the risk of a significant cut in state aid.

(Copyright 2010 by The Associated Press. All Rights Reserved.)