Governor John Bel Edwards released a statement on Louisiana’s credit rating. Moody’s Investor Services did not change the state’s credit rating, but issued a negative outlook. S&P Global Ratings lowered its long-term rating to “AA- from “AA.” Governor Edwards explained further in the statement: “The credit rating agencies are echoing what I, and many in the legislature, have said for a long time – structural tax and budget reform is critically important for our state’s future. Much of the state’s negative outlook is due to the fact the state will lose a significant amount of revenue in fiscal year 2019.”
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