S&P downgrades Alaska’s credit rating, citing oil prices

Oil prices began falling in the latter half of 2014. Image: NASDAQ.
Alaska’s credit rating dropped a notch Tuesday from AAA to AA+. During a press conference, Gov. Bill Walker says that isn’t likely have a short-term impact on the state using bonds to fund capital projects or other state spending in the future.
“To tie it to a dollar amount, if we borrowed a million dollars today, we’d pay an additional thousand dollars per year on that million dollars as a result of this