Moody’s, one of the big three credit rating agencies, has revised its outlook for Washington finances from stable to negative due to budget-related concerns. It did not, however, lower the state's credit rating. (Photo by Jacquelyn Jimenez Romero/Washington State Standard)

By Jerry Cornfield, Washington State Standard
April 24, 2026

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…

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