October 11, 2016 / 7:21 PM / a year ago

BRIEF-Moody's assigns AA2 to Oklahoma Lease Appropriation Bonds outlook negative

Oct 11 (Reuters) -

* Moody’s assigns AA2 to Oklahoma Lease Appropriation Bonds; outlook negative

* Moody’s on Oklahoma- negative outlook reflects ongoing fiscal effects of a severe 2-year decline in production, employment levels in oil, gas sector

* Moody's on Oklahoma-Expect financial reserves to continue to decline into fiscal 2018, as state seeks to offset lower revenue,maintain adequate levels of spending Source text : [ID:bit.ly/2d5vpQS]

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