Janet Mills and State Treasurer Joe Perry have announced one of the top international credit rating agencies has upgraded the ...

Maine has received the second-highest rating from one of the three international firms that closely track state finances.

The parish will have far more difficulty borrowing money for capital projects until it gets its financial house back in order.

Bond credit ratings are issued by rating agencies to help investors determine the riskiness associated with investing in bonds issued by a company, a government, or a government agency.

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Parish President Cynthia Lee Sheng responded to the situation, saying staffing shortages led to the withdrawal of the rating, not financial instability.

US junk debt investors are piling into the riskiest bonds even as Jamie Dimon and other prominent market watchers are ...

It’s not necessarily a particularly bad credit rating, it just has to be less than really good. “Companies that are in the junk bond space tend to have a little bit more leverage,” Han said.