November 24, 2015/Press Releases

Statement on Massachusetts’ S&P Outlook Downgrade

The Massachusetts Democratic Party today issued the following statement in response to the Republican Baker Administration’s comments on the state’s bond rating:

“Republican Charlie Baker and his chief budget aide are entitled to their own opinions but they are not entitled to their own facts. And here are the facts: Massachusetts bond ratings reached the highest levels in history and our rainy day fund was bigger than nearly every other state's during the Patrick-Murray Administration, even in the midst of the great recession," said MassDems Spokesman Pat Beaudry. "Like their decisions on the MBTA budget and plans and their decisions on the state's solar and clean energy future, the Baker Administration, having filed its first budget, now owns the bond ratings and the jobs outlook, both of which were in very good shape over the past several years."