![Governor John Bel Edwards To Meet With Credit Rating Agencies After Downgrade](http://townsquare.media/site/36/files/2013/09/John-Bel-Edwards-Facebook-e1392762474581.png?w=300&h=200&zc=1&s=0&a=t&q=89&w=980&q=75)
Governor John Bel Edwards To Meet With Credit Rating Agencies After Downgrade
BATON ROUGE, La. (AP) — Gov. John Bel Edwards is visiting with representatives of the major credit rating agencies, after Louisiana was hit with one downgrade and is threatened with more.
Edwards spokesman Richard Carbo says the governor will meet with rating agency officials Thursday evening at the governor's mansion. Also invited to the meeting were legislative leaders and Treasurer John Kennedy.
Carbo says Edwards called the meeting to try to reassure the rating agencies that he and lawmakers are working to stabilize Louisiana's finances after years of budget problems.
But even after a recent round of tax hikes, Louisiana still faces deep shortfalls.
Moody's Investors Service — one of the rating agencies that will be at Thursday's meeting — downgraded Louisiana last month, citing years of "structural imbalance" in the budget and declining reserves.
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
More From News Talk 96.5 KPEL
![Here’s What Shoppers in Louisiana and Texas Need to Know About This Major Grocery Merger](http://townsquare.media/site/36/files/2022/10/attachment-GettyImages-81945762.jpg?w=980&q=75)
![TikTokers Have Strong Opinions About the I-10 Bridge in Lake Charles, Louisiana](http://townsquare.media/site/36/files/2023/01/attachment-I-10-Calcasieu-River-Bridge-google-street-view.jpg?w=980&q=75)
![Truck Crashes Through Louisiana Convenience Store, Injuries Unknown](http://townsquare.media/site/36/files/2024/07/attachment-451428443_875361657961063_9009058308210370374_n.jpg?w=980&q=75)
![Lafayette Police Seek Public’s Help in Identifying iPad Theft Suspect](http://townsquare.media/site/36/files/2024/07/attachment-Untitled-design-2024-07-15T194605.280.jpg?w=980&q=75)
![Alleged Donald Trump Shooter Spotted Nearly 30 Minutes Before Shots Fired](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2161431349.jpg?w=980&q=75)
![WATCH: Would This Viral ‘Texas Gumbo’ Pass a South Louisiana Inspection?](http://townsquare.media/site/36/files/2023/12/attachment-Texas-Gumbo-Pepper-Belly-Pete.jpg?w=980&q=75)
![Donald Trump Has Made His Vice Presidential Pick](http://townsquare.media/site/36/files/2024/07/attachment-GettyImages-2159730000.jpg?w=980&q=75)
![CHECK IT OUT: You Can Rent This Awesome Tower in New Iberia, Louisiana](http://townsquare.media/site/36/files/2024/07/attachment-new-iberia-airbnb-2.jpg?w=980&q=75)
![Man Wins $100,000 With Lottery Strategy From Watching ‘Lottery Changed My Life’](http://townsquare.media/site/33/files/2022/04/attachment-giorgio-trovato-BRl69uNXr7g-unsplash.jpg?w=980&q=75)