With Dems in Charge, NH's Bond Rating is AA+

by: Jennifer Daler

Sun Jul 11, 2010 at 19:23:43 PM EDT

The higher the rating, the lower the interest rate a borrower has to pay, so the positive Fitch report saves the state money.

-New Hampshire's economy had been strong and resilient when compared to surrounding states coming into the economic downturn and strong growth is expected to return as the national economy recovers.

The state takes timely action to maintain budgetary balance. State actions to balance the budget include various revenue increases, expenditure reductions, fund transfers and bond issuance in lieu of paygo school building aid.

KEY RATING DRIVER:

State's continued ability to meet funding needs and maintain balanced financial operations within a limited revenue system that is susceptible to business cycles.

The state's economy is in excellent hands with the Democratic majorities in Concord.
Ray Buckley reported on what the other side wanted to do instead, which would have had devastating consequences for the state's economy.