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What the Warnings About NYC’s Bond Rating Do and Don’t Mean from THE CITY - All RSS feed.
What the Warnings About NYC’s Bond Rating Do and Don’t Mean
The big four rating agencies aren’t happy with Mayor Zohran Mamdani. Moody’s, Standard & Poor’s, Fitch and Kroll, which each assign a letter grade to the bonds New York City sells to finance its debt, have warned they may reduce their rating because Mamdani intends to dip into the city’s reserves at a time when […]
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