Louisiana has avoided being downgraded by at least one of the national rating agencies. Moody’s Investors Service announced that it is keeping Louisiana at its same credit rating for an upcoming $74 million bond sale that will be used to finance work on Interstate 49 South in Broussard and Jeanerette. However, Moody’s did leave Louisiana on a negative credit outlook, despite requests from the Jindal’s administration to be upgraded to stable. The news was praised by the governor’s top budget adviser, Commissioner of Administration Kristy Nichols, and state Treasurer John Kennedy, a frequent critic of the administration.
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