INDIANAPOLIS  — Moody’s Investors Service is applauding Indiana voters’ ratification of a constitutional amendment that obligates the General Assembly to pass balanced budgets.

Moody’s called Indiana’s new mandate “credit positive” in its Weekly Credit Outlook that regularly reviews policy decisions that impact state and national government finance.

This was the only state finance-related ballot measure to earn a “positive” indication in Moody’s post-election roundup.