Even as states and municipalities face unprecedented capital-markets pressure as they try to issue new debt, Standard and Poor’s currenty has no states on ratings-watch negative, or even with a negative outlook. S&P took California off its negative watch list earlier this week after the state successfully issued its short-term notes. The only other rating officially in line for a possible change is Kentucky, which has a positive outlook.
Of course, history shows that the markets anticipate bad news before the ratings agencies do.
You may also like
New York’s Unhealthy Dependence on Low-Wage Health Care Jobs
Two recently published charts tell an eye-opening story about New York City's economy:
The , found in a , showed that the city's health care and social assistance workforce is growi Read More
Inflation Trends in the New York Metropolitan Area
Federal data show that prices in the New York metropolitan area are not only high, but rising faster than the national average.
According to the Bureau of Labor Statistics, the Consumer Price Index for the New York–Newark–Jersey City area ro Read More
Albany Should Listen to Jamie Dimon
In his annual message to shareholders, JP Morgan Chase's chief executive, Jamie Dimon, offered a timely and pointed warning for New York policymakers.
It's worth , with emphasis add Read More
Albany Wavers on Shutting Down a Medicaid Racket
As Washington threatens to crack down on fraud and abuse in New York's Medicaid program, state legislators are doing their best to demonstrate why federal intervention is needed.
A Read More
Getting to the Bottom of the 340B Drug Discount Boondoggle
Some of New York's largest and most prosperous hospitals are reporting rapidly growing amounts of revenue from pharmacy sales – most of it apparently flowing from a controversial drug discount program known as 340B. Read More
New York Still Hasn’t Learned from its Covid Mistakes
Today marks the sixth anniversary of a fateful moment in New York's coronavirus pandemic: the Cuomo administration's order sending Covid-infected patients into nursing homes.
Of the Read More
Ideas for Cleaning Up New York Medicaid
As the Trump administration cracks down on fraud, waste and abuse in Medicaid, New York is a logical place to start.
New York spends far more Read More
The Bottom Line of Hochul’s Essential Plan Overhaul
Now that New York has won partial federal approval for overhauling its Essential Plan, it's worth being clear about what the state is doing and why.
The is not primarily about "pre Read More