Serving Lincoln County for more than a century!

Lawmakers need to pay attention to credit rating

Washington state boasts one of the strongest credit profiles in the nation, but the warning lights are flashing.

Moody’s recently affirmed the state’s AAA rating while slapping it with a negative outlook indicating the organizations lack of faith in the Olympia leadership to right the ship. Fitch rates the state AA+ ( a good but lower rating) with a negative outlook. S&P holds it at AA+ with a stable outlook.

In plain English — the golden AAA status that has kept Washington’s borrowing costs low is now at risk.

This isn’t a surprise to those who have watched Olympia’s spending addiction for ye...

 
 

Reader Comments(0)