Fitch keeps New Hampshire's bond rating unchanged

AP News
Posted: Dec 11, 2009 2:57 PM

A Wall Street firm has kept New Hampshire's bond rating at AA with a stable outlook as the state prepares to borrow $125 million for capital projects.

New Hampshire is selling the bonds Tuesday.

In assigning the rating, Fitch Ratings said New Hampshire's economy has been strong and resilient when compared to surrounding states coming into the recession and is expected to experience strong growth when the national economy recovers.

The firm noted that New Hampshire has low debt levels and pays off its debt rapidly.