S&P

Some public pensions "don't have good regular reporting on where their public equities are," which makes it hard to gauge the extent of the concentration, Equable Executive Director Anthony Randazzo said.

S&P said its earlier rating had its origin in an incorrect methodology.

S&P cited the county's limited flexibility to set its rates and escalating capital investment needs. 

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.

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

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

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.

The rating agency cited the city's sharply diminished liquidity and reserves.

S&P cited repeated draws on reserves for the lowered outlook.

S&P cited the system's structural challenges, physical risk exposure and uncertainty about the system's overall financial and operational trajectory.

The ratings agency cited improved operating performance.

The rating agency, which also put the bonds on CreditWatch Negative, cited weakening liquidity and aging assets. 

States face broadening credit challenges, and while local governments have shown resilience, school districts are more at risk, S&P Global Ratings said.

S&P revised Chicago's outlook to negative from stable and affirmed its BBB rating on the city's outstanding general obligation debt.

Toms River's reluctance to pass a budget could further damage the school's rating, S&P said.

The college's most recent annual comprehensive financial report is for the fiscal year ending June 30, 2023, and S&P is concerned by the lack of timely reporting.

Citing a "meaningful improvement in the state's balance sheet," S&P Global Ratings Monday upgraded New Jersey to A-plus from A.

The ratings agency changed its outlook on its BBB-minus rating to negative from stable Wednesday.

S&P noted volume growth and solid operating margins at the large Florida-based healthcare system.

S&P Global Ratings primarily cited a "precipitous decline" in unrestricted cash to explain its triple-notch downgrade of the system.