(Undated) -- Minnesota's multi-billion dollar budget deficit has caused a lower ratings outlook by Moody's Investors Service. According to reports, Moody's negative outlook noted the state's lack of money reserves and heavy reliance on one-time resources to balance the budget. Still, the state's bond rating remains fairly high, supported by what Moody's calls Minnesota's fundamentally strong economy, higher-than-average per-capita income and a state unemployment rate that's below the national rate.
