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After conducting a thorough review of the state of Michigan’s economy and finances, Standard & Poor’s today announced they have increased the state’s credit rating from AA- to AA with a “stable outlook.”
, This is great news for all Michiganders and further confirms Michigan’s comeback. For the past eight years, our state has undergone a reinvention leading to eight back-to-back balanced budgets and more than $1 billion in our rainy day fund. Today’s announcement allows us to build on Michigan’s momentum and ensure continued success on the path toward our future.
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