Friday, 24 August 2018 18:17

Good news for Edwards, others: S & P removes Louisiana from negative watch

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Good news for the State of Louisiana and politically, for Governor John Bel Edwards and others in the legislature.

One of the remnants from the Jindal administration is now history.

Today, Governor Edwards delivered this statement:

Today, Gov. John Bel Edwards released the following statement on the announcement from Standard and Poor's (S&P Global), one of the world's top credit rating agencies, that they are removing Louisiana from the negative watch list:

“We knew it would not take long for the credit rating agencies to take notice of the bipartisan work we did during the last special session to stabilize Louisiana’s budget,” said Gov. Edwards.  “Today’s announcement from S&P is further evidence that what we did was right for Louisiana.  For too long, our state lacked the stability and predictability we needed, but those days are over. Thanks to the work of a bipartisan group of legislators, we have a stable budget that still allowed us to reduce the tax burden on the people of Louisiana by more than $550 million. We still have a long way to go, but with our economy growing, more people finding work, and our commitment to improve health outcomes and access to education, Louisiana is finally headed in the right direction.”

 

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