Fitch

Public pension benefit improvements could put credit pressure on states that enact them, the rating agency said this week.

Fitch cited economic and demographic factors in explaining the downgrade.

Fitch also upgraded the city's Georgia Municipal Association certificates of participation (city of Atlanta public safety projects) to AA-plus from AA.

Agency cites growing debt levels and midrange demographic and economic factors.

Long-term liabilities have gone down and revenues have gone up, Fitch said.

Both ratings agencies cited the health system's improved liquidity in recent years.

"The upgrade is supported by strengthened debt service coverage ratios due to better than expected recovery from the pandemic," Fitch said.

The criteria should result in a nearly equal number of upgrades and downgrades in the next half year, according to the rating agency.

"The upgrades incorporate our view of New Hampshire's improved economic and demographic growth trends that continue to perform near or above those of the U.S. and regional peers," said analyst Thomas Zemetis.

Set to be priced by Jefferies on Monday for retail investors and on Tuesday for institutions, New York City's tax-exempt general obligation bond deal is tentatively structured in four series with two subseries.