Early official estimates of current fiscal year revenue drops include $353 million in Arkansas, $396 million in Colorado, $219 in Oklahoma and $224 million in Vermont.

Negative outlooks trigger questions about other reeling areas in the capital markets crosshairs.

The worst is yet to come from the coronavirus pandemic, said the commonwealth's revenue secretary, Dan Hassell.

Most of the disclosures tracked since the beginning of the year were filed in March, the MSRB said.

Incoming data continued to show massive hits from the efforts to stem the spread of COVID-19, with jobless claims doubling and the New York manufacturing sector hitting all-time lows in activity.

Fitch Ratings placed Alaska's AA-minus issuer default rating on Rating Watch Negative.

Unprecedented historic times require use of all collective knowledge. Van Hesser, chief strategist, and William Cox, senior managing director of corporate and government ratings at Kroll, maintain the mission of a rating agency does not change at times like this. However, there is a continuous effort to raise the bar on all they do. John Hallacy hosts.

The rating agency expects a 'sudden and severe decline in the city's sales and income taxes' as a hit to the city's budget and economy from the coronavirus crisis.