Kroll Bond Rating Agency

The state, burdened with volatile revenue streams because of its dependence on natural resources, has lower ratings from Fitch, Moody's and S&P .

Ted Damutz and Lina Santoro have joined Kroll Bond Rating Agency as directors in the public finance department in New York City.

"When the rating agencies developed and rolled out their ESG scores, they said their ESG scores would not impact an issuer's credit rating. We are holding them to their word," said Ben Watkins, director of the state Division of Bond Finance.

"The latest upgrade is further recognition of the work we have put into responsible budgeting," said Treasurer Elizabeth Maher Muoio.

"Every credit has its quirks," Peter Scherer said. "I enjoy the challenge of putting them in context while delivering thoughtful and punchy credit opinions that inform investors and inspire confidence in the municipal market."

KBRA says the deal will allow for expansion.

“There’s been a lot of discussion about New York City and its future in the public domain. And when that happens it makes sense to solicit multiple opinions,” said Kroll Senior Managing Director Karen Daly.

Three upgrades in two days and four in six weeks mark the state's first bond-rating upgrades in 20 years.

New Jersey lines up $400M sale with outlook boost

KBRA said the development, weighting, and ranking of the key factors in ESG scores are endeavors best left to investors rather than to rating agency credit analysts.

Rising state-supported debt and sidestepping best practices alarm the comptroller.

The transit authority, reeling from the effects of the coronavirus, takes another hit from Wall Street.

The COVID-19 pandemic is helping the bond insurance industry grow, a report from Kroll says.

Cheng, a six-year veteran of the rating agency, will be a senior vice president of Citi's Institutional Clients Group.

The historic nature of how ratings for municipal issuers play out in times of severe volatility is under scrutiny from various market participants.

Unprecedented historic times require use of all collective knowledge. Van Hesser, chief strategist, and William Cox, senior managing director of corporate and government ratings at Kroll, maintain the mission of a rating agency does not change at times like this. However, there is a continuous effort to raise the bar on all they do. John Hallacy hosts.

The Center for Retirement Research said the situation is worth monitoring closely because optimistic return expectations could yield required contributions that are ultimately inadequate to meet benefit obligations.

The goal of a rating agency is to facilitate commerce and to protect investors, according to Kroll Bond Rating Agency’s CEO James Nadler. He and managing director William Cox also discuss the effort to foster a healthy dialogue with investors. John Hallacy is host.

The county will sell $150 million of sales tax-backed paper, already rated AAA by S&P.

A state official cited the need to have special tax obligation bonds rated "on the bonds' own merits," distinct from the state's GOs.