BOSTON Skyrocketing Medicaid costs and resulting budgetary constraints have placed many states' credit ratings in jeopardy, according to a recent repor! by Standard & Poor's Corp. in this week's edition of CreditWeek Municipal.

So far, no state rating has been lowered solely because of Medicaid, but without aggressive measures to control Medicaid costs, states can expect to see rating downgrades, the report said.

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