S&P Global downgrades Anchorage’s bond rating

Anchorage, AK－ S&P Global downgraded the Municipality of Anchorage's General Obligation (GO) rating from AA to AA-. The downgrade reflects S&P's view of Anchorage's weakened financial practices, negative fund balance in the general funds in fiscal years 2021 and 2022, along with delayed release of the fiscal 2022 audited financial statement.

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