Moody’s issues ‘credit positive’ outlook for Oklahoma

The Associated Press - April 10, 2018 12:53 pm

OKLAHOMA CITY (AP) – One of the nation’s top rating agencies is issuing Oklahoma a “credit positive” report following approval of an estimated $523 million in tax increases.

The report by Moody’s Investor Services comes five months after it issued a “credit negative” warning as the Legislature at the time was unable to close a $215 million hole in the state budget, but doesn’t affect the state’s credit rating.

Moody’s said passing tax increases shows that under certain circumstances – in this case a teacher strike – state lawmakers can reach consensus on fiscal challenges.

State Treasurer Ken Miller noted the Moody’s report and said passage of the tax bills to increase revenue is positive, but that more needs to be done to address what he calls “other pressing needs” that include public health and transportation.

 

Latest Stories

Oral Roberts defeats Omaha 73-64

TULSA, Okla. (AP) — Connor Vanover’s 23 points helped Oral Roberts defeat Omaha 73-64 on Saturday...

Boone scores 18, leads balanced OSU over Ole Miss

STILLWATER, Okla. (AP) — Kalib Boone scored 18 points to lead four in double figures as...

OU’s Taylor Robertson sets D-I mark for 3s in loss to Iowa St

AMES, Iowa (AP) — Ashley Joens scored 32 points to lead No. 18 Iowa State to...