JUNEAU – Alaskans are experiencing an average gas price of $3.43, a three cent decrease from last week. Thanks in part to lower oil prices, the national average for a gallon of gas dropped a penny from last week to $3.11, which is 27 cents lower than this time last year. Drivers could see fluctuations at the […]
Anchorage, AK – Tuesday, S&P Global Ratings downgraded the Municipality general obligation (GO) and certificate of participation (COPS) bonds from a “AAA” rating to a “AA+” rating. S&P also lowered its outlook on all GO bond ratings for the Municipality of Anchorage from “stable” to “negative”. The downgrades reflect a material decline in the municipality’s […]
Amid rising budget shortfalls and falling oil prices in Alaska, Standard&Poors released its credit rating for the state of Alaska, lowering the state’s credit rating from AAA down to AA+ on Tuesday. In the report, the CFA of Standard&Poors, Gabriel Petek, said that the ratings actions reflect their view of the state’s credit quality as, […]