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Article: CONFERENCE PROBABLY NEEDED TO RAISE STATE'S BOND RATING
- Article from:
- THE JOURNAL RECORD
- Article date:
- July 28, 1987
- Author:
CopyrightCopyright (null) The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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Financial experts for the state of Oklahoma will most likely need to
meet with officials from Moody's Investor Services and other rating
services early next year to get Oklahoma's bond rating back to "Aaa,"
in the opinion of Gov. Henry Bellmon's assistant for finance.
Moody's announced early in June that it had reduced Oklahoma's
bond rating from "Aaa" to "Aa," which prompted a letter from the
governor to the firm's New York office dated June 4.
Bellmon stated in his letter that it appeared Moody's had made
its decision based on outdated information about the state's
dependence on revenue from the state severance tax.
The governor had hoped Moody's would re-establish Oklahoma's ...