Issuers depend on the ratings they receive from the rating agencies to sell bonds in the capital markets. That doesn’t mean that issuers always agree with the rating agencies. Corrective measuresWhen things go awry financially, working with rating agencies and municipal advisers on certain metrics will often help issuers to correct problems. And the rating agencies’ reviews have helped to paint a clearer picture for investors in the long-term creditworthiness of those areas. But what if the affected areas lacked credit ratings because of the proposed legislation?

Source: The Herald February 27, 2023 23:51 UTC