Tag Archives: Moody’s Investor Services

City bond ratings — boring but important

Fitch Ratings recently affirmed its top bond rating of “AAA” for the city of Knoxville, the city said in a statement released Tuesday.

The news release also noted that Moody’s Investors Services and Standard & Poor’s Ratings Services had recently affirmed high bond ratings for the city — “Aa1” with a stable outlook from Moody’s and AA+ from Standard & Poor’s.

Fitch cited the city’s “sound and established economic underpinning, high and consistent reserves, and affordable debt burden,” according to the news release.

Bond ratings usually aren’t stories local governments spend a lot of time promoting. But they are important — even if they are dry as cardboard.

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Debt ceiling controversy threatens Tenn. credit rating

The Associated Press reports that Moody’s Investor Service may downgrade Tennessee’s credit rating.

If that happens, it would cost state taxpayers plenty.

Avoiding a downgrade is another reason why Tennesseans should insist that Congress and the White House compromise on the debt ceiling issue.

Here’s why Moody’s has put Tennessee on notice:

 

 

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Is today the day for a debt ceiling deal?

With calls growing for Congress and the President to put aside politics, will the Washington politicians finally reach agreement on the debt ceiling controversy?

I doubt it. Look for a few more days of political theater. The deadline is still a couple weeks away, after all.

Eventually the pols will act. It’s hard for them to ignore political self-interest, but they have to do what’s best for the country, right?

Will they?

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