Alaska’s Credit Rating Raised to Aaa by Moody’s on Reserves
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Alaska had its bond rating raised to the highest investment grade by Moody’s Investors Service after the oil-rich state amassed financial reserves of $14 billion.
Moody’s raised Alaska one level to Aaa from Aa1 before a $200 million bond sale by the state, which currently has about $475 million of general-obligation debt outstanding. Alaska joins 14 other states, including Texas and Maryland that have a top rating from Moody’s.