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.