Downgrades

While it's still relatively early to tell how much — if at all — the muni market will be impacted, Kara South, portfolio manager at GW&K Investment Management, said downgrades of certain municipal bonds are likely to follow.

Tioga Independent School District, located north of Dallas, has a state-appointed monitor to develop and implement "a corrective action plan."

Mild economic conditions resulted in slight changes to upgrades and downgrades in the third quarter, compared to the second quarter, S&P said.

The downgrade of Kaweah Delta Health Care District's revenue bonds to Ba1 affected $218 million of debt.

The downgrades for Alaska's largest city come less than two months after the mayor set returning the city's ratings to AAA as a goal in his fiscal 2023 budget.

S&P has Muncie and Plainfield on its watch list with negative implications.

The city, which Moody's downgraded last week, is appealing a Nassau County judge's ruling that has it on the hook for $131 million over a dispute with a developer.

The shift means that lease-revenue bonds supporting federal leases will no longer be notched off the federal government’s rating.

The mammoth California hospital chain reached a preliminary $575 million settlement agreement in March in an antitrust lawsuit.

S&P Global downgrades Tri-State Generation and Transmission Association to BBB-plus amid plans to reduce coal consumption and lower costs for members.