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Article: MAINE REPUBLICAN PARTY COMMENTS ON DOWNGRADING OF STATE'S BOND RATING
- Article from:
- Targeted News Service
- Article date:
- May 25, 2005
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The Maine Republican Party issued the following news release:
The Maine Republican Party commented today on the news that Moody's Investor Service has downgraded Maine's bond rating -- the standard by rating services in New York that indicate the interest rate a state has to pay in relation to the state's fiscal well-being. Amid this development, the Maine Republican Party issued the following comments:
Maine Republican Party Chairman Randy Bumps explained, "The news of the downgrading of Maine's bond rating from Aa2 to Aa3 is certainly a distressing signal sent to state officials about our state's economic well-being. This action by a reputable Wall Street investment house reflects what ...