Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (52531)	7/8/2011 5:42:25 PM
From: joefromspringfield	2 Recommendations Read Replies (1) \| Respond to of 103300

Buddy McKee "They wound up with their bond rating downgraded all the same. :-)" What else would you expect when a chief executive can't even balance a budget? A neighboring state faced the same problem and got the job done. Title: Wisconsin's Bond Rating Affirmed Date: 05/10/2011 Press Release The three major credit agencies have all affirmed their credit ratings for the state of Wisconsin. Moody's affirmed its Aa2 rating, Fitch affirmed its AA rating, and Standard & Poor's will affirm its AA rating. "Having our bond rating confirmed is great news for Wisconsin taxpayers that will keep debt payments lower," said Governor Scott Walker. "It also shows the importance of a fiscally responsible budget, paying off the bills that we inherited and making the hard choices in this budget." In Fitch's release they noted Wisconsin's broad and diverse economy with considerable economic resources. They also take note of the progress made in the Governor's proposed budget toward addressing the state's structural deficit. Moody's wrote that the Aa2 general obligation bond rating "reflects the state's improved liquidity position?as well as the fully funded pension system." They note that "the state's ability to make progress toward structural budget balance and improve its liquidity and fund balances will be important to future credit analyses.