- Associated Press - Tuesday, January 27, 2015

JUNEAU, Alaska (AP) - Alaska’s Revenue commissioner says state officials plan to meet with bond rating agencies next week.

The state is dealing with a multibillion-dollar budget deficit amid a crash in oil prices.

Commissioner Randall Hoffbeck told the Senate Finance Committee the state has not seen its high rating downgraded but one agency, Moody’s, has put the state on negative watch.

He said areas the rating agencies could look at include how the state reacts to lower prices in terms of the size of government, developing new revenue sources and continued savings.

The state has billions of dollars in reserves that it plans to dip into to get by as it seeks to cut spending.


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