NEW YORK--(BUSINESS WIRE)--Jun 14, 2016--Fitch Ratings has assigned a 'AA+' rating to the state of Alaska's $150 million general obligation (GO) bonds, series 2016B. The bonds are scheduled to sell via competitive bid on June 22, 2016.
In addition, Fitch has downgraded the following ratings:
--The state's Long-Term Issuer-Default Rating to 'AA+' from 'AAA';
--Approximately $753.8 million in outstanding GO bonds to 'AA+' from 'AAA';
--$244 million in outstanding lease obligation bonds, subject to annual appropriation to 'AA' from 'AA+'.