Moody's Investors Service

U.S. Drought Monitor

This week on the Coastal News Roundup: Texas wants to buy Louisiana’s water, coastal cities face credit downgrades, and new research on how when ice sheets melt, sea levels rise unevenly across the globe.

Moody's Investors Service says Louisiana's loss of as much as $859 million in Medicaid financing is a "credit negative" for the state.

The notation from the bond-rating agency does not yet affect the state government bond rating — currently high investment grade and stable — but denotes for investors a significant change in the state's balance sheet.

The Times-Picayune reports ( the cut is tied to a congressional reduction in Louisiana's federal Medicaid financing rate.