State Bond Ratings Report

Overview

A credit rating is an independent assessment of the creditworthiness of an entity, a bond, or any similar borrowing instrument. It measures the probability of the timely repayment of principal and interest of a debt obligation by the issuer. Generally, a higher credit rating leads to a more favorable effect on the marketability of a bond, likely reducing the interest rate and the resulting debt service to the State. Long-term credit rating symbols are generally assigned with "triple A" as the highest and "triple B" (or Baa) as the lowest in investment grade. Anything below triple B is non-investment grade, and is commonly known as a "junk bond."

Bond Ratings of New England States

As of September 2014, Vermont has the highest overall credit ratings of the New England states. The major credit rating agencies are Moody's Investors Service, Standard & Poor's (S&P), and Fitch.

 

State Moody's S & P Fitch
Vermont Aaa AA+ AAA
Connecticut Aa3 AA AA
Maine Aa2 AA N/A
Massachusetts Aa1 AA+ AA+
New Hampshire Aa1 AA AA+
Rhode Island Aa2 AA AA
 
General Obligation Bond Rating Agency Reports

Fitch Ratings

Moody's Investors Service

Standard & Poor (S & P) Ratings
 

Rating Agency Methodology for U.S. States

Fitch Ratings

Moody's Investors Service

Standard & Poor (S & P) Ratings 
 

Special Reports

Moody's Special Comment on 2015 State Debt Medians 
 

Transportation Infrastructure Bond Rating Agency Reports

Fitch Ratings

Moody's Investors Service

Standard & Poor (S & P) Ratings