Moody’s Downgrade: Washington State Built This Hole
The downgrade announced April 23, 2026 revised Washington State’s bond outlook from stable to negative. Washington still holds its Aaa (Triple-A) rating — for now. However, the state ranks dead last in the nation for financial reserves at just 8.4% of tax revenues. Reserves are projected to crash to 1.4% by 2028. A formal credit…