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Moody's grants 'junk' rating to New Hampshire bond

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Anand Sinha
Partner
Apr 1, 2026 4:55 PM

New Hampshire's governor claims their Bitcoin-backed municipal bond is "without risking state funds or taxpayer dollars," yet Moody's has slapped it with a "junk" rating, citing "high credit risk" and "speculative elements." How can a government-backed bond be simultaneously risk-free and junk?
This summary was generated by AI

Moody's grants a provisional Ba2 rating to the Bitcoin-backed bond.
www.thestreet.comMoody's grants 'junk' rating to New Hampshire bondMoody's grants a provisional Ba2 rating to the Bitcoin-backed bond.
New Hampshire•Moody's•Bitcoin Bonds•Analyst Rating
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