Moral Obligation

Bonds backed by the State's moral (but not legally enforceable) promise of payment. These bonds are issued and repaid by:

Finance Authority of Maine
Moral Obligation Ratings: Fitch A- and S&P A

Maine Educational Loan Authority
Moral Obligation Ratings: Moody’s Aa3, Standard & Poor’s A

Maine Health and Higher Education Facilities Authority
Moral Obligation Ratings: Moody’s Aa3, Standard & Poor’s AA

Maine Municipal Bond Bank
Moral Obligation Ratings SRF: Moody’s Aaa, Standard & Poor’s AAA
Moral Obligation Ratings General Resolution: Fitch AAA, Moody’s Aa1, Standard & Poor’s AAA

Maine State Housing Authority
Moral Obligation Ratings Mortgage Purchase Program: Fitch AA, Moody’s Aa3

2009 study on Maine’s Moral Obligation Debt (PDF)