Bond rating agencies laud Mass. budget management

By Associated Press
Thursday, November 5, 2009 - Added 134d 16h ago

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Three major bond rating agencies are complimenting the fiscal stewardship of the Patrick administration.

Fitch Ratings, Moody’s Investor Services and Standard & Poor’s all affirmed their credit ratings for Massachusetts this week.

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pmancusi

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They also gave high ratings to the highly leveraged debt obligations that imploded and deepened this recession. These rating agencies fill a quasi-regulatory role and are afraid of getting on Obama's enemies list.

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