KBRA Assigns AA Rating, Stable Outlook to State of Alaska General Obligation Refunding Bonds; Affirms Ratings for Related Bonds
KBRA assigns a long-term rating of AA to the State of Alaska General Obligation Refunding Bonds, Series 2024B and General Obligation Refunding Bonds, Series 2025A (Forward Delivery).
- KBRA assigns a long-term rating of AA to the State of Alaska General Obligation Refunding Bonds, Series 2024B and General Obligation Refunding Bonds, Series 2025A (Forward Delivery).
- 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 Stable Outlook reflects the expectation that Alaska will continue to meet ongoing budgetary requirements with measured recurring utilization of APF-ERA transfers resulting in the continuing maintenance of very strong reserves.
- A continuation of structural budgetary imbalance, leading to the depletion of available reserves to levels no longer commensurate with the assigned rating.