Treasurer says Maine bond ratings stable

Posted May 20, 2009, at 3:35 p.m.

AUGUSTA, Maine – Maine Treasurer David Lemoine said state officials have been informed that two Wall Street rating agencies are reaffirming Maine’s bond rating.

The reviews by Standard & Poor’s and Moody’s Investors Service come in advance of the planned issuance of $141 million in general obligation bonds on June 1.

Maine’s general obligation bonds are rated by Moody’s at Aa3 and by S&P at AA.

Lemoine said Wednesday the agencies are both giving a stable outlook.