"Is this a downgrade? If not, then what does it mean? This is NOT a downgrade," the news release thunders. "The negative outlook from Moody's means that our ratings will be lowered if there is solution to the $67 million shortfall caused by the federal Tax Cuts and Jobs Act of 2017." Governor Calvo seized on the Moody's reporter to bolster his campaign for a response: "'Bills could have easily been passed the last few weeks, but because of legislative inaction, there has been uncertainty, leading to first a negative credit watch from S&P, and now a negative outlook from Moodys,' Governor Calvo stated. 'Yesterday it felt like we were finally getting closer to the passage of a bill that would have covered the $67 million shortfall in revenue for the fiscal year. Having said that, the credit rating agencies and investors only want to see stability, or at the very least, action towards re-gaining stability.'"