BATON ROUGE (AP) — Another national credit rating has improved its outlook on the state of Louisiana’s finances.
S&P Global Ratings didn’t upgrade Louisiana’s credit rating, a decision that would make it cheaper to finance roadwork and construction projects. But the rating agency boosted its outlook for Louisiana from “negative” to “stable,” an indication the firm believes the state has moved to a more sound financial position.
A second rating agency, Moody’s Investors Service, took similar action in July.