November 4, 2024
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Tag: bond ratings
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A.G. GancarskiNovember 30, 2017
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Jax

Could climate change presage Jacksonville credit downgrade?

5min309
Not even three months after Hurricane Irma comes an indication, via Moody’s, that a storm may be brewing in municipal credit markets. Via Bloomberg: “If cities and states don’t deal with risks from surging seas or intense storms, they are at greater risk of default.” Moody’s considers six indicators to measure exposure, like how many homes are […]
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A.G. GancarskiOctober 12, 2016
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Jax

Nearly 24K JEA customers remain without power Wednesday morning

4min197
Despite a contentious meeting between JEA CEO Paul McElroy and the Jacksonville City Council Tuesday evening, odds are good council members will continue their complaints regarding the slow pace of power restoration on Wednesday and perhaps beyond. The JEA Outage Map shows 23,914 JEA customers are still without power as of 10:30 a.m. Wednesday, almost five days after the […]
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A.G. GancarskiOctober 3, 2016
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Jax

Financial sector upgrades Jacksonville for fiscal management, pension reform

3min346
The office of Jacksonville Mayor Lenny Curry issued a press release Monday afternoon noting positive trends between the city and bond ratings agencies. “In announcing numerous credit upgrades since Mayor Curry took office, Fitch and S&P acknowledged ‘prudent management,’ while Moody’s applauded the city’s ‘strong management with good financial policies and practices.’ However, even in the […]
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