Article archive / September 2018
Originally published: . Volume 9, No. 9. Source pages: 4.
Standard & Poor, one of the the world's top credit rating agencies, wrote that they are removing Louisiana from the negative watch list. The rating has important effects on business, industry and government, including universities.
The Governor’s Office put out a press release thanking those responsible. “We knew it would not take long for the credit rating agencies to take notice of the bipartisan work we did during the last special session to stabilize Louisiana’s budget,” said Gov. Edwards. “Today’s announcement from S&P is further evidence that what we did was right for Louisiana. For too long, our state lacked the stability and predictability we needed, but those days are over. Thanks to the work of a bipartisan group of legislators, we have a stable budget that still allowed us to reduce the tax burden on the people of Louisiana by more than $550 million. We still have a long way to go, but with our economy growing, more people finding work, and our commitment to improve health outcomes and access to education, Louisiana is finally headed in the right direction.”
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