Top Credit Rating Agency Puts Washington on Notice

How Ferguson, legislators tilted state toward negative outlook

The credit ratings agency cited three main factors that put Washington’s stellar credit in jeopardy.

Moody's warns of possible Washington credit downgrade

Moody’s, one of the three biggest credit rating agencies, is warning it could downgrade Washington’s credit rating. The agency cited the state’s repeated use of reserve funds, including the rainy-day fund, to balance recent budgets. A downgrade would make it more expensive for Washington to borrow money. The state issues roughly $4 billion in bonds each year, according to The Washington State Standard. Even a one-step drop to an “Aa1” rating cou…

Top credit rating agency puts Washington on notice

Washington got a clear warning this week that its reliance on reserves and one-time maneuvers to balance the budget endangers the state’s strong credit rating, which could worsen financial challenges.

Top credit rating agency raises red flag on Washington finances

Washington got a clear warning this week that its reliance on reserves and one-time maneuvers to balance the budget endangers the state’s strong credit rati ...

Top Credit Rating Agency Puts State of Washington on Notice

OLYMPIA, WA – Washington got a clear warning this week that its reliance on reserves and one-time maneuvers to balance the budget endangers the state’s strong credit rating, which could worsen financial challenges. Moody’s, one of the big three credit rating agencies, on Wednesday revised its outlook for Washington finances from stable to negative, signaling deep concern with the state’s propensity to enact budgets that spend more money than it …