"Moody's Investors Service lowered its ratings outlook on Kansas to negative, citing factors including the state's continuing fiscal strains, diminished pension funded status and potential legal constraints on its ability to cut spending."
Recently, Standard & Poor's Ratings Services affirmed its rating on the State of Kansas at AA+, one notch above Moody's rating.
Reasons for the poor ratings is the slump in the aircraft manufacturing industry and with Overland Park Telecommunication company Sprint, who had cut 8,000 jobs recently.
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Blog post written by the Dowell Taggart Team of RE/MAX Best Associates
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