Positive S&P rating review of Texas budget says state has ‘turned corner’ after oil downturn

Texas’ $217 billion budget for the next two years is “neutral,” meaning it won’t have a positive or negative effect on the state’s overall credit rating, according to S&P Global Inc., which also projected Texas employment will continue to grow at about 2 percent annually, outpacing the national average.

The state got high marks for new transportation spending from S&P and a slightly negative assessment on the decision to delay paying for Medicaid case growth over the next two years. S&P (NYSE: SPGI),…

Positive S&P rating review of Texas budget says state has ‘turned corner’ after oil downturn syndicated post

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