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

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.
In a report released Monday, Moody’s wrote that Alaska’s savings accounts will buy the state “several more years” to figure out its fiscal future. But, analysts wrote, the downgrade reflects the state’s “political inability — at least for now&