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Ige to travel off island for meetings

Gov. David Ige will travel to San Francisco on Saturday for a series of meetings with credit rating agencies, the Governor’s Office announced Friday.

The governor and members of his team are working to secure favorable bond ratings that will allow the state to borrow money at the lowest interest rates possible, according to a news release.

Any savings from reduced interest payments will result in more general fund monies. The state is primarily pursuing funding for new capital improvement projects, the news release said.

Traveling with the governor are Director of Finance Craig Hirai; Director of the Department of Business, Economic Development, and Tourism Mike McCartney; Budget and Finance Administrator Rod Becker; and the state’s Chief Economist Eugene Tian, from the Department of Business, Economic Development and Tourism.

The team is meeting with Moody’s and Standard & Poor’s representatives.

Ige is scheduled to return to Honolulu on Wednesday. Lt. Gov. Josh Green will serve as acting governor while Ige is out of town.

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