Vermont Is the Only State Seeing Bond-Rating Cuts. Blame Grandma
- It’s Fitch’s first state rating downgrade in nearly 2 years
- Vermont is offering cash to young workers to move there
Photographer: Brendon Thorne/Bloomberg
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Vermont’s demographics have cost the Green Mountain State its AAA credit rating.
Fitch Ratings lowered Vermont’s general obligation rating to AA+ on Wednesday, making it the first state the company has downgraded in nearly two years. It lowered Alaska in November 2017. Moody’s Investors Service dropped Vermont from its top-rated rank in October.