St. Paul, MN - Last week, Fitch Ratings assigned Minnesota a “AAA” rating for state bonds, joining the two other major credit-rating agencies (Moody and S&P) in granting the state the highest possible rating.
The rating is a testament to Minnesota’s financial stability, and also serves to keep borrowing costs low for infrastructure projects.
State Representative Fue Lee (DFL - Minneapolis), Co-Chair of the House Capital Investment Committee, released the following statement:
“While a ‘AAA’ rating is one we’re used to, it should not be taken for granted. Now is the time to utilize our strong rating by robustly investing in the state infrastructure projects that will lift up communities throughout Minnesota.
“Starting next week, the House Capital Investment Committee will embark on a bipartisan tour of proposed infrastructure projects for possible funding next year. It’s imperative these projects, which provide good-paying jobs and crucial regional resources, are funded at a time when we know the state is able to keep costs as low as possible.”
Starting next week, the House Capital Investment Committee will begin its first regional tour of the fall with communities in Northwest Minnesota.
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