GOVERNOR’S OFFICE NEWS RELEASE: Governor travels to San Francisco for bond rating meetings

Posted on Apr 10, 2017 in Latest News

 

HONOLULU – Gov. David Ige is in San Francisco for a series of meetings with credit rating agencies. The governor and members of the Department of Budget and Finance are working to secure favorable bond ratings that will allow the state to borrow money at the lowest interest rates possible.

Savings from reduced interest payments will result in more general fund monies that will be available for education, health, housing and other important state programs.

The state is also pursuing funding for new capital improvement projects and looking at refinancing opportunities for existing bonds.

Traveling with the governor is Director of Finance Wesley Machida, Deputy Finance Director Laurel Johnston, Budget and Finance Administrator Scott Kami and the state’s Chief Economist Dr. Eugene Tian, from the Department of Business, Economic Development and Tourism.

The team is meeting with Moody’s, Fitch Ratings, and Standard & Poor’s.

Gov. Ige is scheduled to return to Honolulu on Tuesday, April 11.  Lt. Gov. Shan Tsutsui will serve as acting governor while Gov. Ige is out of town.

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Media Contacts:

Jodi Leong

Deputy Communications Director/Press Secretary

Office of the Governor

Office: 808-586-0043

Mobile: 808-798-3929

jodi.c.leong@hawaii.gov

 

Cindy McMillan

Communications Director

Office of the Governor

Office: 808-586-0012

Mobile: 808-265-7974

cindy.mcmillan@hawaii.gov