Moody's gives positive rating to Michigan's road funding deal

Lindsay VanHulle - LANSING — A package of road funding bills Gov. Rick Snyder signed into law this week will have a positive effect on more than $1 billion in state transportation bonds, according to credit ratings agency Moody’s Investors Service. Moody’s called the road legislation “credit positive,” meaning the action is a positive development for the Michigan Department of Transportation’s comprehensive transportation and state trunkline bond funds. The ratings agency did