Kentucky's bond ratings downgraded

[McFurd]

Record Eagle - 7/25/2017 - CNHI News Service - FRANKFORT – Kentucky’s economic outlook took another hit this past week as Moody’s downgraded the state’s bond ratings to Aa2 from Aa3 following the announcement the state failed to make its revenue estimates for the fiscal year and in light of its growing public pension problems. The Governor’s Budget Director’s Office announced in early July that receipts fell $138.5 million short of budget estimates. Budget Director John Chilton also warned government agencies and offices not to expect a quick recovery, advising them to plan for lower expenditures in Fiscal Year 2018 which began July 1. Read more @ http://www.record-eagle.com/cnhi_networ ... c13dc.html