Leading Bond rating company "Moody's" has revised Guam's outlook to stable from negative.


Guam Economic Development Authority c credits the improved fiscal outlook from the hundreds of millions in federal pandemic aid that has been pouring in. In a news release, GEDA said the current outlook change to "stable" puts Guam in the strongest credit rating position in recent years. And the Moody's "Ba1" rating for general obligation bonds remains the highest rating in twenty years. GEDA said Guam is one of the few tourism-focused economies that has seen positive rating action during the pandemic.

 

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