Bond Buyer: Moody’s Lifts Up 34 states

Bond Buyer: Moody’s Lifts Up 34 states

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The Bond Buyer reports that:

Moody’s Investors Service kicked off a wide-scale “upward shift” in municipal credit ratings yesterday, assigning stronger grades to 34 states and Puerto Rico.

the article contains a complete list of ratings for all US states Moody’s assigns ratings for.  The new ratings are comparable to ratings for other entities.  Prior to the recalibration, US municipal issuers was rated on a different scale from all other credit ratings.  California’s credit rating was upgraded from Baa1 to A1.

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