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Moody’s Gifts Fossil-Fuel States With Positive Credit Outlook

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Comparing the falloff in state tax revenue to shifts in total unemployment. (Chart: Moody’s) Credit-rating agencies — particularly Moody’s and S&P, the nation’s two premier shops — wield significant influence over the financial health of private companies. But state and local officials are often equally dependent on good credit ratings to borrow money for transportation […]