Downgrades

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.

Our guest, Eden Perry, the new head of public finance at S&P, describes her vision of the rating agency's role and her goals for her tenure. Criteria changes, surveillance, multi-notch downgrades, and diversifying the staff are all front and center. John Hallacy hosts.

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

Moody's Investors Service said Jacksonville's litigation to repudiate a power contract raises questions about its willingness to make good on obligations.

The ratings of four Southeast public power agencies were lowered due to uncertainty about future costs to build the new reactors.

S&P is the second ratings service to warn of possible downgrade because of the system's growing debt burden.

A newly released research paper found that the probability that a state general obligation bond will be rated higher after the Dodd-Frank Act is 2.7 times greater than before the law was enacted.