http://finance.yahoo.com/banking-budgeting/article/106178/The-Recession-in-Your-State April marked the first time since December 2001 that Moody's revised its outlook for the U.S. state-government sector to negative, and last month the ratings agency put out a new report predicting states will face harder times as the effects of the credit crisis and economic downturn continue to set in. Please open up article to see country map and ratings per state.