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The transit authority, reeling from the effects of the coronavirus, takes another hit from Wall Street.
October 6 -
New York State’s first credit downgrade in 17 years is a warning that fiscal changes will be necessary to combat its coronavirus-induced budget crisis, according to observers.
October 2 -
Bond analysts and budget watchdogs say the move underscores the need for the de Blasio administration to look within for efficiencies, even if it receives more federal or state help.
October 2 -
The rating agency lowered GO and other credits, citing the effects of the coronavirus.
October 1 -
Fitch questions Buffalo, N.Y's revenue estimates and says the pandemic forced the city to use much of its reserves.
September 18 -
The drop in tourism amid the coronavirus pandemic has resulted in a downgrade of Hawaii's ratings by Moody’s Investors Service affecting $9 billion in outstanding debt ahead of the state’s plans to price $900 million of taxable bonds Wednesday.
August 4 -
Fewer fliers due to the coronavirus pandemic sparked a second downgrade to Port Authority of New York and New Jersey-issued bonds sold for Kennedy Airport.
July 20 -
The ratings on the Louisville, Kentucky's KFC Yum! Center bonds were lowered to BBB-plus by S&P because of expected operational difficulties.
June 22 -
Moody's Investors Service cut the Catholic college in New Jersey to Baa1 citing its rising debt burden.
May 22 -
Declining state support and COVID-19-related funding pressures triggered a second downgrade to New Jersey City University in advance of a $52 million borrowing.
May 12