Article: ANOTHER BOND RATING IS LOWERED.(LOCAL/STATE)

Byline: Sarah Wyatt Associated Press

A third firm lowered Wisconsin's bond rating Tuesday amid doubts over the state's financial outlook, despite vetoes that Gov. Scott McCallum said should send a positive message to bond agencies.

Fitch IBCA said it downgraded Wisconsin's rating from AA+ -- its second highest rating -- to AA.

Investors use credit ratings as indications of the likelihood that they will get their money back according to the terms on which they invested. Fitch has rated Wisconsin AA+ since June 1995.

Last week, Moody's Investor Service downgraded the state's bond rating from Aa2, the firm's third-highest rating, to Aa3.

Standard & Poor's ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!