Moody's

"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 ratings agency says enplanement levels is key to the action.

"Our goal and our mission is really this — to provide investors with the insightful research that will help them make better investment decisions," says Janice Hofferber, head of Moody's Public Finance group.

Surging state revenues eased the burden of managing fixed costs, Moody's says in an examination of state liabilities based on fiscal 2021 financial reports.

Moody's said 35 out of the 82 borrowers that disclosed first-time draws on debt service reserve funds since April 2020 have averted delinquency "at least for now."

The Supreme Court’s ruling stripped the EPA of its ability to regulate greenhouse gas emissions, but analysts say utilities are unlikely to feel immediate credit impacts; in some cases, it may ease credit pressures.

Phoenix’s ratings were affirmed and its general obligation bond outlook was raised to stable from negative by Moody's.

Moody's rewarded Detroit's strides in keeping its books balanced and building reserves with an upgrade that leaves it two notches below investment grade.

Entering the third year of a pandemic, higher education is expected to gain stability amid a flood of federal aid.

Analysts project a positive outlook for toll roads in 2022, expecting median tolled traffic and revenue growth at 2% and 4%, respectively.

If enacted, Build Back Better would promote economic growth and likely have a limited impact on inflation, ratings agencies say.

“Chandra has built a reputation as an innovator at Moody’s,” said Tim Blake, managing director of public finance.

New York State's comptroller cited the strength of the pension system in the drop to 5.9% from 6.8%.

The agency withdrew its ratings on the commonwealth and all of its authorities for its own business reasons.

The city, which Moody's downgraded last week, is appealing a Nassau County judge's ruling that has it on the hook for $131 million over a dispute with a developer.

The shift means that lease-revenue bonds supporting federal leases will no longer be notched off the federal government’s rating.

While Jacques Jiha cited improved outlooks to stable from Moody's and S&P, skeptics warned of inadequate use of federal aid and lingering outyear budget gaps.

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

The outlook shift to stable from negative is a badly needed shot in the arm from the capital markets as the city prepares to come out of the COVID-19 pandemic.

There’s not much difference in the criteria S&P Global uses to rate general obligation debt issued by cities and GO debt issued by states.