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>> MOODY'S Latest News

AUG 20, 2013 - Yahoo! News

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Moody's: Outlook for U.S. states improves after five years

By Lisa Lambert (Reuters) - Moody's Investors Service on Tuesday revised its outlook for U.S. states to stable from negative, marking a significant improvement in its assessment of state finances after cutting its outlook for the sector more than five years ago. The rating agency said that the uncertainty surrounding federal budget cuts has diminished, revenue growth for many states has exceeded expectations, and budget reserves are continuing to grow. Even as it marked better days for state budgets, Moody's warned the sector faces economic and fiscal risks. ...

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