S&P calls proposed Permanent Fund plan ‘favorable’

The credit rating agency Standard & Poor’s has awarded good marks to Gov. Bill Walker’s proposed changes to how the Alaska Permanent Fund is used.
The Juneau Empire reports that on Monday the agency called the changes a “favorable development” in as it is a more sustainable model for Alaska’s general fund.
Attorney General Craig Richards called the new Permanent Fund system a “sovereign wealth model” which would involve putting the state’s petr