Category: Credit Ratings
Rising Sea Levels Pose Credit Risks for Coastal States. Florida May Be Particularly Vulnerable.
September 20, 2021 – In a report issued on Sept 17, Moody’s Investor Service wrote rising sea levels would pose…
S&P: Prolonged Revenue Weakness Could Pressure Convention Center Credit Ratings
July 27, 2020 – As reopenings in California and Sun Belt states are halted, S&P Global Ratings said today it…
Ahead of NYC’s First Post-COVID19 Bond Sale, Fitch and S&P Affirmed TFA (Personal Income Tax and Sales Tax Credit) at “AAA”, With Stable Outlook
May 9, 2020 – Ahead of a $726 million tax-exempt and taxable subordinate-lien bond sale next week, rating agencies affirmed…
Fitch Revised New York State “Outlook” to “Negative”. Says State May Need To Tap $10B Short-Term Liquidity.
April 11, 2020 – Fitch Ratings revised its outlook on New York State from “Stable” to “Negative” on Friday. This…
Breaking: Moody’s Revised New York State Outlook to “Negative”
April 1, 2020 – In a move not unexpected to municipal market participants, Moody’s revised its outlook for New York…
Breaking: S&P Downgraded All U.S. Public Finance Sectors to “Negative” Outlook
April 1, 2020 – No, it’s not an April Fool’s joke! In what is believed to be an unprecedented rating…
Moody’s: SCOTUS Refusal to Review Puerto Rico HTA Decision is Credit Negative For Utilities and Special Revenue Bonds
January 22, 2020 – In a report released today, Moody’s summarized the U.S. Supreme Court’s (“SCOTUS”) decision not to review…
S&P Cuts Tobacco Bond Ratings
October 25, 2019 – S&P Global Ratings downgraded 67 tobacco bond CUSIPs yesterday, citing weak cigarette sales and declining credit…
How Low Interest Rates Could Wreck State/Local Budgets and Hurt Credit Quality
The past week was a bumper week in munis, with nearly $14 billion in new issuance. It was also one…
[Opinion] Moody’s Thinks Taxing the Rich Will Save New York’s MTA. There Is One Crack To This Argument.
August 8, 2019 – In a report issued today, Moody’s Investor Service laid out an argument in favor of New…
