Audit Flap Didn't Put New Hampshire's Credit at Risk, Rating Analysts Say

O'Brien, Elizabeth
January 2005
Bond Buyer;1/5/2005, Vol. 351 Issue 32043, p6
Trade Publication
The article presents statement of rating agency analysts that a brief stalemate in New Hampshire over an audit of the state's finances never posed an immediate credit concern. Analysts said yesterday that the audit dispute did not pose any immediate threat to the state's credit rating. Treasurer Michael Ablowich and other state officials had worried that the governor's hesitation to sign the letter of representation could damage the state's credit rating. The disagreement centered on the nature of the governor's responsibility for financial statements, not on the numbers themselves, which would have been more of an issue.


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