S&P may lower Alaska’s credit rating if state sells pension bonds

Standard & Poor’s said it could lower Alaska’s credit rating if the state sells pension obligation bonds. (Creative Commons photo by eflon)
Standard & Poor’s announced Friday it expects to lower Alaska’s credit ratings if the state government sells bonds to pay for public-worker pensions.
Gov. Bill Walker’s administration plans to sell up to $3.3 billion in these bonds. An analyst for the credit rating agency said the bond sale would sharply increa