Reuters logo
BRIEF-S&P revises outlook on Kansas' issuer credit rating to negative from stable
February 8, 2017 / 10:41 PM / 10 months ago

BRIEF-S&P revises outlook on Kansas' issuer credit rating to negative from stable

Feb 8 (Reuters) - S&P:

* Says revised outlook on its ‘AA-’ issuer credit rating (ICR) on the state of Kansas to negative from stable and affirmed ‘AA-’ rating

* Says also revised outlook on Kansas’ appropriation-secured debt to negative from stable and affirmed ‘A+’ rating on that debt

* Negative outlook reflects continued weak economic trends, structural budget pressures that are expected to persist through fiscal 2019

* Believe current year, next 2 fiscal years will remain pressured as proposed budget does not provide solutions to structural deficits

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below