WASHINGTON — Moody’s Investors Service has given its stamp of approval to Virginia’s new transportation funding plan, calling it a credit positive for the commonwealth at a time when it is highly exposed to risks from federal downsizing.

“The legislation makes the Commonwealth of Virginia the first state to address stagnant gas tax collections that have been increasingly insufficient to meet transportation funding needs, a problem faced by many states as they, consumers and automakers embrace higher fuel efficiency standards,” Moody’s said.

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