While the new funding, if approved, will keep the wolf from the door for another year, Sheehan had been hoping to see an annual funding stream that would allow the city to craft «a realistic budget and a more permanent solution» to create stability for everyone involved — local officials, taxpayers, developers and
even bond rating agencies.
Not exact matches
But
even with 13 straight independent
bond rating -
agency upgrades under Suozzi and the Democrats, the Republicans maintained that we weren't fit to govern.
Last year, she made no secret of studying the potential for municipal bankruptcy,
even when it scared Wall Street
bond ratings agencies.
The credit
rating agency then proceeded to give these
bonds AAA
Ratings (The highest)
even know they included subprime loans (they have recently had to downgrade, which causes
even more problems).
A lower -
rated bond would cause some
bond managers to sit on their hands;
even though they could look at the
rating from the
agencies, they would not trust the
rating without further analysis, and that takes time and effort.
According to a March 2017 report from Kroll
Bond Rating Agency, construction and development lending was already a hot area for banks
even before the recent fall off in investment sales.