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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.
April 1 -
A shutdown of large public gatherings due to virus's pandemic cost the Manhattan cultural organization its investment grade rating.
March 26 -
S&P cut the senior water and sewer bond rating to AA-plus due to fallout from the recent failed attempt to sell Florida's largest utility.
March 5 -
Small Catholic college downgraded to Baa2 on enrollment pressures and a heavy reliance on tuition revenue.
February 24 -
Public safety retirement costs are most significant at the city and county levels where they average 4.9% of aggregate spending for cities and 1.9% for counties.
February 18 -
Fargo finance director Kent Costin said the downgrade was expected given the decline in construction activity in 2019.
January 9 -
Moody’s cut its rating on Lincoln Center debt issued in 2016 one level to A3 from A2 as the non-profit that runs the complex deals with falling attendance and high financial leverage.
December 6 -
S&P based its decisions on Altria's downgrade and the lower-than-expected master settlement payments.
October 25 -
A multiple-year recession and state leaders' failure to adequately address it led to the Fitch Ratings downgrade.
September 6 -
Judge John Cooper ruled that the bill to abolish the Miami-Dade County Expressway Authority unconstitutionally usurps the county's home rule authority.
August 12