Bond ratings

The news is credit positive for the second-tier airport in the wake of JetBlue's departure, according to Moody's.

The New York City suburb achieved record low interest rates for a more than $40 million bond transaction following a credit upgrade that reflected its recent fiscal discipline.

Sharp revenue losses caused by the pandemic triggered a negative credit outlook for Long Island’s Nassau County as it prepares to roll out a new fiscal plan to combat a budget hole.

The California Supreme Court ruled July 25 in a pension spiking case with ramifications for the state's ironclad pension legal doctrine.

S&P moved Michigan's outlook to negative this week. Fitch recently affirmed the state's stable outlook.

Rolette County affirmed its commitment to make a July jail lease payment as Moody's reviews the impact of the temporary jail closure on the county's books.

Washington State pulled a note deal after a glitch resulted in two-thirds of bidders not seeing a couponing instruction.

San Francisco's ratings, economy challenged by coronavirus

Orange County tourist tax collections plummeted 97% from the year earlier to $765,900 in April, the largest decline ever seen.

Fitch Ratings affirmed its AA rating on the department's water system revenue bonds as it revised their outlook to negative.

The policy case for federal support is strong: in the coronavirus era, the U.S. is looking at an emergency that is the equivalent of 50 states worth of hurricanes, fires and floods, lasting more than two years, with a very slow economic rebound.

The city eyes interest savings and, if conditions permit, may take out some variable rate bonds too.

S&P Global Ratings follows Moody's Investors Service in revising state’s credit outlook downward on revenue losses from COVID-19 pandemic.

For the second time in two weeks, a rating agency lowered the Port Authority of New York and New Jersey's outlook.

Nevada was one of the last states to recover from the Great Recession

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

Mayor Eric Garcetti announced plans to furlough thousands of city employees because of coronavirus-driven shortfalls.

New York's mayor announced sharp cuts, a draw on reserves and a call for further assistance from Washington.

Michael Rowan, CFA, managing director of global public, project and infrastructure finance at Moody’s Investors Service, talks about how COVID-19 is affecting the rating process. John Hallacy hosts.

Moody's Investors Service revised the Pennsylvania regional health system to negative citing revenue risks from COVID-19.