“About one-third of U.S. local governments may have their credit rating raised by Standard & Poor’s (MHP) under a new methodology that the company is proposing to boost transparency and comparability.
The change would affect about 3,800 issuers, S&P said in a report today. About 65 percent of ratings may remain unchanged under the plan, while 3 percent could drop, typically by one level, S&P said…”
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