Bonds

New York City and New York State, their finances reeling from the effects of COVID-19, were downgraded late Thursday by Moody’s Investors Service. Moody’s dropped city general obligation bonds to Aa2 from Aa1, affecting $38.7 billion of city debt. The new rating will apply to the city’s $900 million fiscal 2021 Serices C issuance coming
0 Comments
Furloughs and contract adjustments could allow the Metropolitan Opera Association to weather the COVID-19 pandemic without further credit rating hits despite cancelling its 2020-21 season, according to analysts. The 137-year old Manhattan cultural organization became one of the first municipal issuers to incur a virus-related credit downgrade in late March when Moody’s Investors Service lowered
0 Comments