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Fitch said the downgrade reflects “persistent pressures on the travel and tourism sector" because of the COVID-19 pandemic.
March 31 -
Officials cited borrowing flexibility before a joint meeting of the transit authority's oversight board and the Massachusetts Department of Transportation.
March 30 -
Moody’s followed S&P in lifting Illinois’ outlook to stable, where it stood before the COVID-19 pandemic, but a lot more needs to happen for an upgrade.
March 26 -
Moody's is the second rating agency this month to bring its outlook on Illinois to stable, though all ratings remain at the lowest investment grade.
March 25 -
The suburban New York county will go to market next month armed with a positive outlook from the rating agency, its first movement on the county since 2012.
March 22 -
The junk-rated school district won an upgrade and saw its secondary bond market spreads narrow as it expects to pocket about $1.8 billion in new aid.
March 12 -
As the governor faces an impeachment inquiry, just how New York State government will function on budget and other matters is an open question.
March 12 -
S&P Global Ratings cut CPS Energy to AA-minus from AA, as it faces $1 billion in unbudgeted costs for buying expensive power through the state grid operator.
March 11 -
A consildated effort is needed for better transparency of pricing in the municipal market, especially for retail investors.
March 10 -
Johnson, in his announcement to run, emphasized New York’s recovery from the COVID-19 pandemic through effective use of federal stimulus dollars.
March 10