Thursday, 09 May 2013 16:44
Fitch improves credit rating for Lambert Airport
Lambert Airport is being rewarded for what analysts are calling "prudent fiscal management".
The Fitch Ratings Agency upgraded the facilities credit rating to BBB+. The rating cited stability in air traffic and an adequate ability to meet financial commitments.
Fitch assigns ratings that range from D at the low end up to AAA. BBB+ is considered in to be at the high end of mid-grade investments.
Published in
Local News
Tuesday, 12 February 2013 02:31
New concern over Nixon's Medicaid expansion plan
Governor Jay Nixon's plan to expand Medicaid in Missouri has encountered a new wrinkle of opposition from some lawmakers. Members of the Senate Appropriations Committee raised concerns Monday that the Medicaid expansion could hurt the state's credit rating.
Missouri currently enjoys a triple-A rating.
But Moody's Investors Service last week assigned a negative outlook to Missouri because of the proportion of the state budget that already comes from the federally and state-funded Medicaid program.
If Missouri expands Medicaid eligibility as called for in the federal Healthcare Reform Act, it would get billions of dollars more from the federal government in coming years.
Missouri currently enjoys a triple-A rating.
But Moody's Investors Service last week assigned a negative outlook to Missouri because of the proportion of the state budget that already comes from the federally and state-funded Medicaid program.
If Missouri expands Medicaid eligibility as called for in the federal Healthcare Reform Act, it would get billions of dollars more from the federal government in coming years.
Published in
Local News
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