By AP
Oklahoma City, OK – Fallin, delegation eye improving Okla. bond rating
OKLAHOMA CITY (AP) Gov. Mary Fallin and a group of state finance officials are heading to New York to make the case to the nation's top bond rating agencies that Oklahoma's rating should be improved.
Fallin will lead the delegation Thursday that includes Treasurer Ken Miller, Office of State Finance Director Preston Doerflinger and State Bond Advisor Jim Joseph.
Currently, Standard and Poor's Corp. and Fitch Ratings both give Oklahoma the second-highest rating "AA+." Moody's Investor Services ranks the state with its third-highest rating, "AA2."
Doerflinger says helping Oklahoma's case is double-digit growth in state revenues, low unemployment and contributions to the state's Rainy Day Fund that are expected to exceed $500 million. He says other efforts include reducing the liability of the state's pension systems and a government modernization effort.
Copyright 2012 The Associated Press.