Comments for: Moody’s lowers Maine’s bond outlook due to Medicaid spending, lack of rainy day funds

Posted May 18, 2012, at 7:43 a.m.
Last modified May 18, 2012, at 5:25 p.m.

One of the nation’s top rating agencies has downgraded its outlook for Maine bonds because of the state’s continuing budget problems, especially Medicaid spending, and its lack of reserves. Moody’s Investors Service on Friday lowered its outlook from stable to negative for the state’s $498 million in general-obligation bonds. The …


A headline on an earlier version of this story said Moody's had lowered Maine's bond rating. Moody's downgraded its outlook for Maine bonds, not the rating.

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