Cities Look to Shed Ratings While Taking On More Debt – The Wall Street Journal.

Cities Look to Shed Ratings While Taking On More Debt

Ratings shopping is alive and well 10 years after financial crisis. Cost savings as an excuse for single ratings is oldest trick in the book.

Retail, as always, loses.

https://www.wsj.com/articles/u-s-cities-look-to-shed-ratings-while-taking-on-more-debt-11545220801