Tag: Moody’s
Image via AP.

A.G. GancarskiOctober 11, 2018
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8min238
Jacksonville leaders may protest. But the move is non-negotiable. On Thursday, Moody’s downgraded $2.1 billion of Jacksonville debt, pinning a negative outlook on issues resulting from the city’s misadventures with utility JEA. At the root of it all: the still-under-construction Plant Vogtle nuclear plant in Georgia, which the city committed to buy power from in 2008 […]

A.G. GancarskiJune 22, 2018
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4min288
Some good news for Florida’s credit ratings emerged Thursday, with upgrades across the board from Moody’s seemingly vindicating Gov. Rick Scott‘s approach to financial management. Per a media release: Moody’s upgraded the state one notch from Aa1 to Aaa, with a stable outlook for the best rating possible, despite what is called an “aging population.” “Florida’s […]

A.G. GancarskiNovember 30, 2017
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5min203
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 […]

Drew WilsonSeptember 12, 2017
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2min208
Florida’s transportation infrastructure should be able to bounce back quickly from Hurricane Irma according to a memo put out Tuesday by financial research group Moody’s. The credit rating group said even though many are still closed, the state’s airports, seaports and toll roads will “generally be able to sustain their long-term credit quality because of […]

A.G. GancarskiMay 18, 2017
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3min145
On Thursday, Jacksonville Mayor Lenny Curry took reporters’ questions, and primary among them was one about Moody’s offering mixed reviews of his pension reform package. Curry’s pension reform, covered exhaustively here, included moving new hires to defined contribution plans, imposing a sales tax extension to deal with legacy defined-benefit costs, and boosting the city’s contribution to […]


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