Bond ratings

The outlook revision to stable from negative follows the city's adoption of a fiscal 2027 budget with structural changes that greatly reduced a shortfall.

The groups are taking additional steps to try to stop or pause development of a major industrial park between New Orleans and Baton Rouge.

"The upgrade recognizes two important factors: the strong operating performance of Vogtle Units 3 and 4 since entering commercial service and the strength of the project's contractual framework," said Ernest Libershteyn, MEAG director of finance and treasury.

The letter from officials in Democrat strongholds asked the rating agencies to maintain their focus on financial analytics in viewing energy-dependence, rather than being swayed by the political winds.

The rating agency gave the city a negative outlook in November 2024, following voter approval of a ballot measure requiring more public safety funding.

Affirmation of Otero County's ratings comes as a state law threatens bonds it sold for a detention facility used by federal immigration enforcement.

Moody's Ratings upgraded Detroit's issuer and general obligation unlimited tax bond ratings to A3 after S&P bumped Detroit to BBB-plus from BBB.

Proposed FEMA reforms could further increase financial strain for state and local governments after natural disasters.

Alaska Housing Finance Corp. had its Aa1 ratings affirmed by Moody's ahead of plans to issue debt.

Northwest Nazarene University, an Idaho private Christian college, had its ratings outlook revised to positive.

Fitch Ratings cited Sacramento City Unified School District's fiscal challenges in downgrading its issuer default rating to junk and assigning a negative outlook.

The state's expectation of a deficit in the coming biennium budget was cited in the outlook revision.

Fitch revised the outlook to negative from stable, citing a significant jump in leverage.

The $14.6 billion budget calls for hiring police and Olympic-focused infrastructure spending after last year's spending plan proposed layoffs.

The rating agency cited the prospect of lowered debt service coverage ratios in the next three years.

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

Moody's Ratings upgraded Alum Rock Union Elementary School District on proactive management actions in the face of enrollment and fiscal challenges.

The review, which included mostly Texas and Colorado bond issuers, comes as the amount of voter-approved debt authorized for districts is exploding.

S&P Global Ratings cited the state's structurally balanced budgets and progress on improving the finances of its pension system.

The rating agency cited the state's sustained improvements in fiscal management and robust reserves.