Downgrades

The rating agency delivered the latest coronavirus-related hit to the city's ratings by cutting its outlook. The city's GO bonds were affirmed at AA.

S&P cited the state's growing structural budget gap resulting from an oil price plunge.

Shifts in smoking habits and increasing tobacco restrictions drove two downgrades of the New Jersey Cigarette Tax Revenue Bonds.

The rating agency expects a 'sudden and severe decline in the city's sales and income taxes' as a hit to the city's budget and economy from the coronavirus crisis.

A shutdown of large public gatherings due to virus's pandemic cost the Manhattan cultural organization its investment grade rating.

S&P cut the senior water and sewer bond rating to AA-plus due to fallout from the recent failed attempt to sell Florida's largest utility.

Small Catholic college downgraded to Baa2 on enrollment pressures and a heavy reliance on tuition revenue.

Public safety retirement costs are most significant at the city and county levels where they average 4.9% of aggregate spending for cities and 1.9% for counties.

Fargo finance director Kent Costin said the downgrade was expected given the decline in construction activity in 2019.

Moody’s cut its rating on Lincoln Center debt issued in 2016 one level to A3 from A2 as the non-profit that runs the complex deals with falling attendance and high financial leverage.

S&P based its decisions on Altria's downgrade and the lower-than-expected master settlement payments.

A multiple-year recession and state leaders' failure to adequately address it led to the Fitch Ratings downgrade.

Judge John Cooper ruled that the bill to abolish the Miami-Dade County Expressway Authority unconstitutionally usurps the county's home rule authority.

Ratings analysts don't agree on future prospects for the Texas oil capital of Odessa.

The Miami-Dade County Expressway Authority is challenging a recent state law to abolish the agency.

Moody’s Investors Service on Tuesday placed Fairfield Medical Center's Baa3 rating on review for a downgrade.

Moody's downgrade to Aa3 affects $10.2 billion in outstanding debt.

Birmingham, Alabama's general obligation bond rating was lowered one notch by Moody's due to growing pension liabilities.

The federal government's failure to respond to requests for information is partially to blame for the loss of ratings on bonds for four Texas detention centers.

Weakening support for Oklahoma State University led Fitch Ratings to lower its rating one notch to AA-minus as OSU prepares to issue $77 million of revenue bonds.