Downgrades

The rating agency lowered GO and other credits, citing the effects of the coronavirus.

Fitch questions Buffalo, N.Y's revenue estimates and says the pandemic forced the city to use much of its reserves.

The drop in tourism amid the coronavirus pandemic has resulted in a downgrade of Hawaii's ratings by Moody’s Investors Service affecting $9 billion in outstanding debt ahead of the state’s plans to price $900 million of taxable bonds Wednesday.

Fewer fliers due to the coronavirus pandemic sparked a second downgrade to Port Authority of New York and New Jersey-issued bonds sold for Kennedy Airport.

The ratings on the Louisville, Kentucky's KFC Yum! Center bonds were lowered to BBB-plus by S&P because of expected operational difficulties.

Moody's Investors Service cut the Catholic college in New Jersey to Baa1 citing its rising debt burden.

Declining state support and COVID-19-related funding pressures triggered a second downgrade to New Jersey City University in advance of a $52 million borrowing.

An indefinite closure of New York retail businesses during the COVID-19 pandemic added credit pressure on revenue bonds issued for the state’s largest mall.

The Fitch downgrade to A-plus from AA-minus affects nearly $2 billion in debt.

Moody's downgrades regional public university two notches to Baa3 ahead of a $52 million revenue refunding bond sale.

The COVID-19 pandemic has dragged the tourist city to the verge of junk status.

Size, timing and structure hinge on market variables, senior manager Jefferies said.

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

Debt restructuring options as the transit agency navigates through the coronavirus crisis include refundings for savings or to push out debt, according to Robert Foran.

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.