Minnesota Credit In Good Standing

Two top agencies, Fitch and Standard and Poors, have given the State of Minnesota Triple-A bond ratings and a third agency, Moody’s, reaffirmed its A-a-1 rating. Fitch says the state has shown “significant financial resilience,” while S&P cites Minnesota’s “improved financial position and recently passed pension reform” for public employees. Governor Mark Dayton says “state government has made a complete financial turnaround in the past seven-and-a-half years” and he credits the people of Minnesota.