Moody's downgraded the credit rating of one of Northwest Indiana's largest employers, saying it was susceptible to demand loss during the coronavirus pandemic.
ATLANTIC CITY — An executive order suspending transitional aid to the financially distressed resort is a credit negative, according to one ratings agency.
Atlantic City’s credit rating has improved from Moody’s third-lowest rating, Caa3, up four spots to the positive-outlook rating of B2, the investment agency announced late Thursday.
The state’s continued oversight of Atlantic City and a proposed long-term plan to return the resort to local control are a positive for the city’s future credit, according to Moody’s Investors Service.
Each individual south suburban community faces a different set of financial and debt-related challenges. Some have addressed those challenges …