Summit School District Loses Its Aaa Bond Rating, Gets Downgraded to Aa

Summit School District loses its Aaa bond rating, gets downgraded to Aa

On May 14, Summit School District received notice of downgrades in both its bond rating and its issuer rating. Where the district had an Aaa bond rating before, it now has an Aa1 bond rating. Where it had a Aa1 issuer rating before, it now has an Aa2 issuer rating.  The ratings are handed down by Moody’s, a financial services company that provides credit ratings.  According to Moody’s, a bond rating assesses credit risk on financial obligations …

Was Moody’s U.S. Credit Downgrade Influenced By Their Anti-Trump CEO and Moody’s Commitments to DEI & ESG? - LewRockwell

Gail Appel wrote: Lara Loomer did her homework!   The post Was Moody’s U.S. Credit Downgrade Influenced By Their Anti-Trump CEO and Moody’s Commitments to DEI & ESG? appeared first on LewRockwell.

What Moody’s US Credit Downgrade Means for You

On May 16, Moody’s Ratings downgraded the US government’s long-term issuer and senior unsecured ratings from Aaa (the highest possible rating) to Aa1 and revised the outlook to stable from negative. The rating agency cited the likelihood of “persistent, large fiscal deficits [that] will drive the government’s debt and interest burden higher” due to deficits driven by increasing entitlement spending and plateauing tax revenues. Moody’s, however, …