Alaska

The rating agency cited the state's ample reserves, robust natural resource base and critical role in U.S. strategic interests.

Alaska's efforts to manage its cyclical revenues brought an upgrade from S&P Global Ratings and positive outlook from Moody's Ratings.

Accounting errors are Juneau School District's biggest fiscal problem, but it shares financial and demographic challenges with Alaska's other school districts.

Over the next few months, the state will be crafting regulations for a carbon emissions bill it hopes will provide an additional revenue source to help smooth some of the state's economic volatility.

The state, burdened with volatile revenue streams because of its dependence on natural resources, has lower ratings from Fitch, Moody's and S&P .

Raising money by participating in carbon credit markets and carbon sequestration schemes would ease Alaska's revenue dependence on oil, Gov. Mike Dunleavy said.

The spiderweb of funding sources for natural disaster recovery makes it hard to track the actual costs to state and local government of fighting wildfires.

The downgrades for Alaska's largest city come less than two months after the mayor set returning the city's ratings to AAA as a goal in his fiscal 2023 budget.

Governance is the single most important ESG factor in public finance ratings, given the impact of governance structure, Fitch said.

Fitch Ratings revised its outlook to stable from negative on the state's A-plus rating, two weeks after the state received a positive outlook from S&P.

A forecast anticipates an additional $1.2 billion in revenues for the upcoming fiscal year.

Alaska Senate leaders chose not to act on the Gov. Mike Dunleavy's push to pay immediate dividends to taxpayers.

New money volume in the Far West was up 31.9% to $29.5 billion, while refunding volume rose a more modest 11%.

Cruise ship ports in the U.S. may see some light at the end of the tunnel after more than a year without any departures because of the COVID-19 pandemic.

A jump in oil prices and federal relief has increased the likelihood Alaska will continue judicious draws on its permanent fund.

Voters will consider bond issues in three states and a number of tax measures, according to the National Conference of State Legislatures.

After the unprecedented collapse an oil futures contract into negative territory, the leading oil producing states face budget uncertainty.

S&P cited the state's growing structural budget gap resulting from an oil price plunge.

Fitch Ratings placed Alaska's AA-minus issuer default rating on Rating Watch Negative.

After eight oil-producing states recovered from the 2014 oil price collapse, they face another downturn, S&P Global Ratings said.