Tag Archives: Riverdale

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”