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...
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