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Senate leaders blast rating agencies after bond rating downgrades

JULY 31, 2019 | by Xander Landen | VT DIGGER (VERMONT)

“Weeks after a major credit agency dropped Vermont’s bond rating, leaders of the Vermont Senate on Monday criticized how fiscal analysts judge the financial strength of small rural states. … ‘There is some prejudice out there with a small state like ours, particularly when we have a population that’s not growing,’ Coates said. ‘But saying that, I think we were lucky to keep the AAA as long as we did.’ …”

 

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