S&P upgraded Alaska’s rating, while Moody’s revised the state’s rating outlook from stable to positive on April 30.
“It signals to the market that there’s economic activity and interest in the state,” said Adam Crum, commissioner of the state Department of Revenue. “We’ve heard for like 10 or 12 years, Alaska’s on the decline — we are a little bit, on the population side. But we’re starting to see a growth in the long-term picture of economic activity that we want the market to see,” Crum said. “And we want to get this like a snowball, and it gets bigger and bigger with more investment.”
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