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Inflation and mandate pressures are key factors that moved the outlook lower.
January 25 -
The rating agency said plugging a growing budget gap is "crucial" for the credit quality of the Aa1-rated state.
January 23 -
"The upgrade reflects an expected continuation of very strong and consistent operating performance and revenue growth," Moody's said.
January 22 -
The negative outlook on the Phoenix-based university's Ba1 rating is due in part to its battle with federal regulators, including the U.S. Department of Education, which it sued in 2021.
January 9 -
The agency plans to broaden its current market share and expand into new sectors.
January 9 -
The Alameda Corridor Transportation Authority announced a tender offer as part of a restructuring plan that could culminate in $1.36 billion of bonds.
January 8 -
Moody's also affirmed the A1 rating on the authority's $3.2 billion of general revenue bonds and the A2 rating on the $2.5 billion of general revenue junior indebtedness obligations.
January 5 -
Fitch Ratings said the trajectory of the city's AA rating could depend on how Mayor John Whitmire, who took office this week, resolves the years-long impasse over firefighter pay.
January 4 -
"There is no doubt that inflation has had an impact. It's important that we continue to ensure that everyone working in New Jersey has access to a livable wage," said Gov. Phil Murphy.
January 2 -
The upgrade affects $2.3 billion in debt. The commission also had its outlook revised to stable from positive.
December 20