Tag Archives: rating agencies

Praising Mediocrity

The Governor’s email, picked up by most media outlets boasts that “Fitch Ratings, Moody’s Investor Services and Standard & Poor’s all affirmed the Commonwealth’s ‘AA’ ratings with a stable outlook.” Great news, right?  Well, it’s certainly not bad news.  But, deserving of the Deval fan club swoon?   Good news compared to what? Consider this, from Fitch: When the…

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