Alva Review-Courier -

Rating agency upgrades Oklahoma's economic outlook

 

October 24, 2019



OKLAHOMA CITY (AP) — One of the nation's top rating agencies is upgrading the state's economic outlook from "stable" to "positive" due in large part to the 2018 passage of tax hikes that have resulted in budget surpluses and increased reserves.

Moody's Investors Service announced Wednesday it was also affirming the state's Aa2 rating, the agency's third highest rating.

The agency's positive outlook indicates it expects strong fiscal management and a commitment to increasing reserves. The agency also cited the state's relatively low state debt and pension burden.

Oklahoma's new Gov. Kevin...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019