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S&P: State, Local Borrowers Can Still Be Rated Triple-A Following its downgrade of the US government's credit rating, Standard & Poor's whipsawed markets again by saying that downgrade doesn't necessarily imperil triple-A ratings for state and other
local governments.
... read moreState and local jobs losses in one graph “Since August 2008, state and
local governments have slashed 611000 positions, and the cuts have been getting worse — 340000 of those jobs were lost in the last 12 months. July was the ninth consecutive month, and the 29th out of the last
... read moreS&P to weigh US cuts on state, local govt ratings CHICAGO Aug 9 (Reuters) - Standard & Poor's Ratings Services will be examining the ratings of US states and
local governments in the context of federal funding cuts, a rating agency official said on Tuesday. Steve Murphy, an S&P managing director,
... read more
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