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Third agency lowers Minnesota credit score

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ST. PAUL -- The country's third major credit-rating agency has downgraded Minnesota's bond rating, meaning that borrowing money for new construction and repair projects likely will cost state and local governments more.


Minnesota Management and Budget on Friday announced Standard and Poor's dropped the Minnesota rating from AAA to AA-plus.

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Don Davis
Don Davis has been the Forum Communications Minnesota Capitol Bureau chief since 2001, covering state government and politics for two dozen newspapers in the state. Don also blogs at Capital Chatter on Areavoices.