Permanent fund

KBRA Assigns AA Rating with Stable Outlook to State of Alaska General Obligation Bonds

Retrieved on: 
Thursday, July 20, 2023

KBRA assigns a long-term rating of AA with a Stable Outlook to the State of Alaska's General Obligation Bonds.

Key Points: 
  • KBRA assigns a long-term rating of AA with a Stable Outlook to the State of Alaska's General Obligation Bonds.
  • Improvement in the State's socioeconomic metrics, notably personal income, could lead to upward rating migration over time.
  • A continuation of structural budgetary imbalance, leading to the depletion of State’s Permanent Fund to levels no longer commensurate with the assigned rating.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

Iconic Faith Ringgold Painting Acquired by National Gallery of Art

Retrieved on: 
Thursday, October 21, 2021

Washington, DC, Oct. 21, 2021 (GLOBE NEWSWIRE) -- The National Gallery of Art has acquired The American People Series #18: The Flag is Bleeding (1967), its first painting by Faith Ringgold (b.

Key Points: 
  • Washington, DC, Oct. 21, 2021 (GLOBE NEWSWIRE) -- The National Gallery of Art has acquired The American People Series #18: The Flag is Bleeding (1967), its first painting by Faith Ringgold (b.
  • As a visual storyteller, Ringgold is known for her thought-provoking depictions of the difficult realities of the American experience.
  • The painting was acquired with funds gifted by Glenstone Foundation and from the Patrons Permanent Fund.
  • This may well be the most important purchase of a single work of contemporary art since the National Gallery acquired Jackson Pollocks No.