JUNEAU— Governor Bill Walker reacted to Standard & Poor’s (S&P) announcement today that Alaska’s credit ratings are being placed on negative CreditWatch. The report cites the lack of a budget for fiscal year 2018, continued reliance on savings to pay for government services, and a lack of new revenues as reasons for the negative outlook. […]
Juneau – Speaker of the House Rep. Bryce Edgmon (D-Dillingham) has released the following statement in response to news that S&P Global Ratings has placed the State of Alaska on its CreditWatch and has indicated that Alaska’s credit rating would likely be lowered without the passage of significant fiscal reforms this year. “Today’s action by […]
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, […]