Moody's issues 'credit positive' outlook for Oklahoma
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April 11, 2018
OKLAHOMA CITY (AP) — One of the nation's top rating agencies is giving Oklahoma a "credit positive" report after the Legislature approved an estimated $523 million in tax increases.
The report by Moody's Investor Services comes five months after it issued a "credit negative" warning as lawmakers at the time were unable to close a $215 million hole in the state budget. The reports don't affect the state's credit rating.
Moody's said passing tax increases shows that under certain circumstances — in this case a teacher strike — state lawmakers can reach consensus on fiscal challenges.
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