Bond ratings

The public transit agenices are benefitting from sales taxes that fared better than expected through the pandemic and the state's stronger fiscal footing

Fitch affirmed $14.3 billion of annual appropriation-backed debt at AA-plus in addition to the $1.1 billion of AAA-rated general obligation bonds.

The city faced significant challenges finishing its annual comprehensive financial report as a result of a cyberattack, an overhaul of financial systems and managing through the COVID-19 pandemic.

Kroll analysts say federal aid helped the city avoid tapping deficit financing to pass a balanced budget.

The rating agency elevated its outlook to stable on the state’s general obligation bonds and various state-entity revenue bonds.

The ratings agency said it action reflects the state’s solid economic recovery from the COVID-19 pandemic.

Fitch also affirmed the authority's $1.8 billion of senior lien bonds at AA-minus and $968 million of subordinate lien bonds at A-plus.

With enough signatures collected, according to the Secretary of State's tally, a recall election is likely.

The forward-delivery bond, part of its $1 billion special tax obligation issuance, was a first for the state, Treasurer Shawn Wooden said.

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