Ratings

Local governments will face "greater credit pressure" if voters largely eliminate property taxes on more than half of homes in the state, S&P analysts said.

S&P lifted Graham's general obligation bond and certificates of obligation rating to A from BBB due to the city's earlier-than-projected financial turnaround.

Moody's Ratings has announced a credit rating downgrade to A2 from A1 for AU, due to operating pressure which comes on the heels of a 4% tuition hike earlier this spring.

The rating agency cited improving financial metrics and the port's importance to the regional economy.

Water supply woes continue to weigh on the Texas city's bond ratings, which have been hit with multi-notch downgrades and negative outlooks.

Maryland drops Moodys a year after the ratings agency downgraded its credit as the state preps for a major bond sale this week.

Saint Francis University in Pennsylvania, also grappling with the stresses facing many smaller schools, downscaled its sports program to NCAA Division III.

S&P put some Iowa school district issues' priority-lien ratings on CreditWatch with negative implications after the General Assembly passed property tax reform.

Among the reasons S&P cited for the upgrades are "very high activity levels and long history of favorable enplanement trends."

The rating agency cited an improving governance profile, which incorporates a trend of budgetary reserve fund maintenance and increasing pension contributions.

The ratings agency cited the school's compressed operating margins in recent years.

Moody's Ratings revised Missouri's outlook to negative from stable, citing a large structural deficit that will push fund balances below its Aaa-rated peers.

Saint Michael's College was downgraded to B3 from B1, as Moody's cited growing expenses and lower revenues.

Moody's Ratings downgraded Northern Illinois University's issuer and revenue bond ratings to Ba1 from Baa3.

Fitch, Moody's, and S&P were sent a letter from 23 GOP state attorneys general over the use of ESG factors related to fossil fuel in negative rating actions.

Fitch Ratings on Monday echoed a prior move by Moody's Ratings to revise the state's outlook to negative.

Moody's Ratings announced a stable rating outlook for Washington, D.C., good news for a city reeling from federal job cuts and gearing up for a mayoral race.

The Texas city's latest projection for the onset of a Level 1 emergency comes as water woes spurred rating downgrades and negative outlooks since last fall.

Two rating agencies dropped their Los Angeles Unified School District outlook to negative from stable.

The rating agency's previous review of the Texas city resulted in downgrades in December over increased credit risk due to water supply woes.