Financial rating agency revises Kansas' outlook to stable
June 9, 2017
TOPEKA, Kan. (AP) — A major financial rating agency says Kansas' credit outlook is stable after lawmakers overrode Republican Gov. Sam Brownback's veto of a bill that largely rolls back the income tax cuts he championed in recent years.
The Kansas City Star (http://bit.ly/2r2GcOE ) reports that Moody's Investor Services affirmed the state's Aa2 credit rating and revised its outlook from negative to stable after the legislation action Tuesday night.
Kansas has experienced multiple credit downgrades in recent years. Moody's says the state has repeatedly hurt its credit outlook by depleting...