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The Latest from Governor Brian Schweitzer

July 10, 2007 /

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Dorsey & Whitney - An International business law firm, applying a business perspective to clients' needs in Missoula, Montana and beyond.

Dear Friends:

Montana is on the move and Wall Street is taking notice. In June, Montana’s outstanding general obligation bonds were upgraded to AA from AA- by Fitch Ratings. Moody’s Investors Service upgraded Montana earlier this year; it was the first upgrade for the state in 26 years!

In a news release Fitch Ratings said the upgrade is based on the state’s conservative financial practices along with strong revenue performance.

The new rating means that Montana will pay lower interest costs on debt. Montana currently has the lowest unemployment in the nation with wages growing third fastest in the country.

Read More About the Upgrades Here:

Rating service gives boosts to Montana’s bonds
http://www.billingsgazette.net/articles/2007/07/01/news/state/57-bonds.txt

Company boosts Montana’s bond rating
http://www.billingsgazette.net/articles/2007/07/02/news/state/70-rating.txt

Best personal regards,

Brian

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