Sentences with phrase «junk status if»
In June 2017, credit rating agencies warned that Illinois could become the first state to have its debt downgraded to junk status if a budget was not enacted for the 2018 fiscal year.
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And if all that wasn't enough, Moody's is putting Illinois under consideration for a credit downgrade — potentially making it the first U.S. state to receive «junk» rating status.
Gaughran's proposal feeds off Oyster Bay's downgrade, allowing for a recall election if a municipality's status is lowered to «junk bond» status.
The proposal from Jim Gaughran would create a recall mechanism for officials if a municipalities bond rating were to be deemed be «junk status» if directly linked to corrupt acts taken by elected officials.
If Rockland reaches junk status, there are fears a state board will take over the county to get its finances in order.
«If you look at the long - term [for coal], it's not getting any better,» said Standard & Poor's Aneesh Prabhu when S&P downgraded coal company bonds to junk status.