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Moody’s Gets Negative on Minnesota, Citing Fiscal Weakness

FEB 9, 2010 6:09pm ET

CHICAGO — As the Minnesota Senate moved yesterday to advance a $1 billion capital budget, Moody’s Investors Service sent a credit warning by shifting its outlook on the state’s Aa1 rating to negative due to ongoing fiscal weakness and heavy reliance on one-shots to balance its books.

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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.

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