La. treasurer says state bond rating upgrade to AA signals stronger finances, stable outlook
Louisiana State Treasurer John Fleming said the state’s credit rating has been raised from AA- to AA because of improved finances and changes in how the state manages money. Louisiana State Treasurer John Fleming has announced that the state's credit rating has been raised from AA- to AA due to improved finances and changes in how the state manages money. The move is seen as an important milestone for Louisiana, showing progress in addressing budget challenges while maintaining strong financial reserves and flexibility for the future. Fleming said the stronger credit rating could help Louisiana borrow money at lower costs, but any savings will depend on market conditions and how the bonds are set up. He also noted that Louisiana has a low long-term debt compared to its resources and is able to manage spending, but warned that state leaders still need to watch for slow economic growth, possible changes in federal policy, spending pressures and changes to the state’s revenue structure.
Publié : il y a 2 jours par dans Politics Finance
BATON ROUGE — Louisiana State Treasurer John Fleming said the state’s credit rating has been raised from AA- to AA because of improved finances and changes in how the state manages money.
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