Riverdale, a small municipality of roughly 10,000 residents, is in trouble. In April of this year, Fitch Ratings downgraded Riverdale’s Issuer Default Rating (IDR) from B‑ to CCC‑, citing reasons such as low margin for servicing obligation, weakened financial profile, negative general fund reserves, very limited liquidity, and deferral of pension spending. With Fitch’s downgrade,Continue reading “The Illinois municipality with the worst bond rating”
Tag Archives: bonds
The State’s Bond Ratings Over the Years
Overview A bond rating grades the credit worthiness of the state or municipality. The stronger the bond rating, the greater ability for the state or municipality to borrow at lower interest ratings and better deal to finance projects, fund services or service debt. This piece looks at the state’s bond ratings in prior years. TheContinue reading “The State’s Bond Ratings Over the Years”
Prairie State Policy 