- Associated Press - Friday, June 6, 2014

AUGUSTA, Maine (AP) - Maine has received another positive score from a major credit-rating agency.

Republican Gov. Paul LePage’s office said Friday that Standard & Poor’s Rating Service affirmed Maine’s AA long-term rating on general obligation debt, which means the state has a “very strong capacity to meet financial commitments.”

Maine also received that rating and a stable outlook for its 2014 A and B general obligation bonds.

On Thursday, Moody’s Investors Service raised Maine’s outlook from negative to stable.

LePage said his administration’s reforms to the pension system and paying off a debt owed to the state’s hospitals contributed to the positive rating and have improved Maine’s financial stability.

His administration says S&P; warned that budget challenges and low levels in the rainy day fund could negatively impact the future credit rating.

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