Posted on 08/05/2005 8:10:11 PM PDT by AzaleaCity5691
Moody's may upgrade state credit rating 8/5/2005, 6:52 a.m. CT The Associated Press
MONTGOMERY, Ala. (AP) — A major credit rating agency, Moody's Investors Service, is reporting that the state's credit rating may soon get an upgrade. Moody's says one reason is the savings on public employees' health insurance that the governor and Legislature approved in November.
State Finance Director Jim Main says the announcement is welcomed news because the Riley administration is looking at refinancing one old bond issue and is considering a new bond issue for school construction projects.
Too little, too late for Riley.
"Moody's may upgrade..."
It depends on their mood.
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