KBRA Assigns AA Rating, Stable Outlook to State of Alaska General Obligation Refunding Bonds, Series 2024A; Affirms Ratings for Related Bonds
KBRA assigns a long-term rating of AA to the State of Alaska General Obligation Refunding Bonds, Series 2024A.
- KBRA assigns a long-term rating of AA to the State of Alaska General Obligation Refunding Bonds, Series 2024A.
- KBRA additionally affirms the AA long-term rating on the State's parity General Obligation Bonds, and the AA- long-term rating on the Alaska Municipal Bond Bank Authority's G.O.
- The Outlook for each obligation is Stable.
- A continuation of structural budgetary imbalance, leading to the depletion of available reserves to levels no longer commensurate with the assigned rating.