Moody’s downgrades Alaska credit rating; fourth downgrade this year

Sens. Pete Kelly, R-Fairbanks, and Charlie Huggins, R-Wasilla, linger after the Senate adjourned sine die, July 18, 2016. (Photo by Jeremy Hsieh/KTOO)Moody’s Investors Service has downgraded Alaska’s credit rating for the second time in six months, citing the state’s massive budget deficit and its failure to find a long-term political solution.
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In a report released Monday, Moody’s wrote that Alaska’s savings accounts will buy the state “se