Depletion of Alaska's PF Earnings Reserve a Possibility
Country Risk / United States / Mon 02 Jul, 2018
Alaska's recent passage of the Permanent Fund (PF) Protection Act as a means for addressing ongoing projected budget gaps may result in the eventual depletion of the PF's Earnings Reserve (PFER). Avoiding that outcome will require more robust revenue growth than currently expected or other offsetting future state (Issuer Default Rating [IDR] 'AA'