Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Maine’s Outlook Cut to Negative by Moody’s on Medicaid Spending

Maine had the outlook on $498 million in general-obligation bonds lowered to negative from stable by Moody’s Investors Service on “challenges” related to Medicaid spending and a lack of reserves.

The company also affirmed the rating of Aa2, third-highest, on the debt and assigned the same to $55.8 million of general-obligation bonds the state plans to issue, Moody’s said today in a statement. Maine plans to issue the debt on May 31 for capital projects, Moody’s said.

Maine’s revenue performance is “tracking slightly over budget,” the company said, while the state’s unemployment rate of 7.2 percent is below the nation’s 8.1 percent.

The rating reflects the state’s “manageable debt levels; improving revenue performance; the resolution of recent budget shortfalls with largely recurring actions; and pension reforms that have improved the state’s funded ratios and lowered the annual required contribution,” Moody’s said. “Debt ratios are below the 50-state medians and debt is scheduled for rapid retirement within 10 years.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.