Moody’s upgrades state from “negative” to “stable,” but warns of “large structural imbalance”

Thu, Mar 24, 2011 (12:02 p.m.)

The report, issued today and posted at right, recognizes executive branch power to make cuts and ample cash but says "highly concentrated economy" and "lack of revenue diversity" as well as "large structural imbalance between recurring revenues and expenditure" pose significant challenges.

I have posted the report at right.

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