San Antonio's 'AAA' bond rating
is attributable to its strong fiscal performance and financial management policies, according to the bond rating
1 million in general obligation municipal bonds, Standard & Poor's bumped up Worcester's bond rating
by two grades, from A- to A+ while Moody's Investors Service upgraded its rating from A1 to Aa3.
While we believe that both of these studies contribute to the accounting literature, we also believe that the use of only one bond rating
source represents a limitation in both studies because the use of only one bond rating
source masks the potential influence, if any, of split ratings on the results of these studies.
I personally don't appreciate any department putting a gun to the council's head and saying, 'We're out of time and we're coming up against a bond rating
As a result, he added, that has changed how bond rating
agencies assess communities.
The Moody's firm reported to the board at Wednesday's meeting via telephone that the bond rating
was lowered from an AAA level to Baa1, affecting $67 million of outstanding debt.
Just past the anniversary of our first CMBS rating, our agency has made its mark not only in the CMBS sector, but across the board," said Jules Kroll, Chairman and CEO of Kroll Bond Rating
Twenty-three Massachusetts cities and towns currently have the highest possible bond rating
- AAA - from at least one of the three major rating agencies, according to the Massachusetts Municipal Association.
This move marks S&P's first upgrade of Pennsylvania's bond rating
since 1985 and its best bond rating
of Pennsylvania since 1978.
At the same time, Fitch Ratings issued a less pessimistic outlook, affirming its previous bond rating
for the city.
Should the state's bond rating
get downgraded again, the interest rates on future bond issues will go through the roof.
8 /PRNewswire/ -- Standard & Poor's analysts revised the bond rating
outlook for the East Bay Municipal Utility District's AA- bond rating
from negative to stable last week, a change that will improve the marketability of the District's bonds and result in lower interest rates on future bond issues.