Economic Recovery, Tax Collections Raise Outlook for States

Vadum, Matthew
February 2005
Bond Buyer;2/10/2005, Vol. 351 Issue 32068, p5
Trade Publication
The article reports that rating agencies agree that the economic recovery has improved state government fortunes in the United States, but they disagree somewhat about whether they are back to the levels of credit-worthiness of the late 1990s. Moody's Investors Service Inc. has raised the outlook on the state government sector to stable from negative, citing the strengthening national economy and improving state tax collections, according to a new report from the credit agency. Standard & Poor's Corp. in a report released January 31, 2005 said states are not as healthy as they were.


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