The State of Minnesota has again received the highest-possible Triple-A credit rating from two major agencies, Fitch and Standard-and-Poor’s, and officials hope for a similar rating soon from Moody’s. State Management and Budget Commissioner Myron Frans says it translates into dollar savings when Minnesota sells bonds — at under three percent interest for the last several years:

“These kind of rates really make it very affordable for a state government like Minnesota to invest in infrastructure projects.”

Frans says a “very strong positive” with the rating agencies has been the size and growth of the state’s “rainy day” budget reserve — now just over two billion dollars.