Fitch Downgrades Oakland, CA's IDR to 'A'; Outlook ... - Fitch Ratings
Nov 27, 2024 · Fitch Ratings - San Francisco - 27 Nov 2024: Fitch Ratings has downgraded Oakland, CA's (the city) Issuer Default Rating (IDR) to 'A' from 'AA-'. The Rating Outlook has been revised to Negative from Stable. The two-notch downgrade of the city's IDR to 'A' reflects the notable projected general fund budget gap for fiscal 2025 and future years.
Oakland’s credit rating cut by Fitch as city tries to plug budget gaps
4 days ago · Oakland had its credit rating cut two levels by Fitch Ratings, which cited the challenge of plugging budget gaps amid a change in political leadership. The city of about 440,000 had its issuer ...
Oakland Credit Rating Cut by Fitch as California City's Deficit …
5 days ago · Oakland, California, had its credit rating cut two levels by Fitch Ratings, which cited the challenge of plugging budget gaps amid a change in political leadership. The city of about 440,000 on ...
Fitch Downgrades Oakland, CA's IDR to 'A'; Outlook ... - Fitch Ratings
Nov 27, 2024 · Fitch Ratings-San Francisco-27 November 2024: Fitch Ratings has downgraded Oakland, CA's (the city) Issuer Default Rating (IDR) to 'A' from 'AA-'. The R.
Fitch downgrades Oakland's credit amid budget shortfalls and …
4 days ago · The ratings agency lowered Oakland’s credit rating from AA- to A, a downgrade of two notches, at the end of November. ... the Mercury News first reported. Days before Fitch downgraded Oakland ...
Oakland’s Credit Rating Downgraded 2 Levels by Fitch
Nov 27, 2024 · According to Bloomberg, Fitch Ratings announced that it will downgrade Oakland’s credit rating by two levels. The company cited the city’s ongoing financial struggles and challenges in addressing its growing deficits. By The Numbers. The projected shortfall for the current fiscal year is $93M, following a $79M deficit in the previous year.
Fitch Downgrades Oakland, CA's Sewer Revs to 'AA ... - Fitch Ratings
5 days ago · Fitch Ratings - Austin - 02 Dec 2024: Fitch Ratings has downgraded the following Oakland, CA (the city) obligations to 'AA' from 'AAA': --$15.8 million sewer revenue refunding bonds, 2014 series A. Fitch has also assessed the Standalone Credit Profile (SCP) of the city's sewer system (the system) at 'aaa'.
Oakland’s Credit Rating Cut by Fitch as California City Tries to …
6 days ago · (Bloomberg) -- Oakland, California, had its credit rating cut two levels by Fitch Ratings, which cited the challenge of plugging budget gaps amid a change in political leadership. Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThe city of about 440,000 on the east side of San Francisco Bay ...
Oakland receives Fitch downgrade as city flirts with insolvency
4 days ago · Oakland, California's financial turmoil and turnover in leadership have resulted in the city's bond rating being downgraded to A from AA-minus by Fitch Ratings. The outlook was revised to negative ...
Oakland Mayor Speaks at Rally Amid City's Budget Crisis and …
4 days ago · The city faces significant budget deficits and growing public safety costs, with Fitch Ratings anticipating tough times ahead due to changing leadership. Oakland Mayor Sheng Thao addressed a rally near Rockridge BART on Sunday, October 6. The city, with a population of about 440,000, recently experienced a downgrade from AA- to A in its issuer ...
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