West Virginia 'outlook negative,' according to rating agency
By Brad McElhinny, WV MetroNews
CHARLESTON, W.Va. — The sagging coal industry and slumping natural gas profitability have led to a downgrade in West Virginia’s credit rating by Fitch, one of the big three credit rating agencies.
West Virginia has dropped to ‘AA’ from ‘AA+’
Or, as Fitch puts it, “outlook negative.”
Downgraded credit ratings mean West Virginia will have to pay...