Top credit rating agency puts Washington on notice

By: Jerry Cornfield

Outlets: Washington State Standard

Published: April 24, 2026

Words: 695

Last Updated: 3 months, 1 week ago

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Washington got a clear warning this week that its reliance on reserves and one-time maneuvers to balance the budget endangers the state’s strong credit rating, which could worsen financial challenges.

Moody’s, one of the big three credit rating agencies, on Wednesday revised its outlook for Washington finances from stable to negative, signaling deep concern with the state’s propensity to enact budgets that spend more money than it takes in, and uses reserves and other …

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