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Local News

Oregon Bond Upgrade


Some good economic news for the State of Oregon. Standard and Poors just improved it's bond rating. Bend financial advisor Troy Reinhart: "They upgraded the State of Oregon to AA+, which means basically we're a better bet not to go broke than we were before. It means that the State of Oregon may be able to restructure some of its debt to get a lower interest rate. That usually comes along with getting your debt rating raised."  Standard and Poors says the upgrade reflects its view that the State has shown a willingness to make revenue and spending adjustments to correct some of the current imbalances during the low part of the revenue cycle.

 

 

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