On July 10, 2019 Fitch, a major credit agency, reduced Vermont’s bond rating. This was expected, after Moody’s, another large credit agency reduced Vermont’s bond rating in October 2018. Both rating agencies have the same concerns about Vermont and it’s economy. As a result, future state and municipal borrowings costs will increase. Why is this happening? Because Vermont faces daunting “economic and demographic headwinds.” We have heard these concerns for years. Vermont’s population and its workforce is f … (read more)
