Moody's Investors Service said triple-A rated Alaska appears in good shape to overhaul its tax on oil production.

The ratings firm said in note Wednesday that a new law changing its tax on oil production is dependent on unknown variables such as the future price of oil and finding new oil wells.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.