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Major rating agencies may lower New York City bond ratings over fiscal worries, Charles Gasparino warns

Major rating agencies may lower New York City bond ratings over fiscal worries, Charles Gasparino warns
New York City bond ratings under threat

Charles Gasparino, senior correspondent at Fox Business, reports that investors are increasingly concerned about New York City's financial health.

According to Gasparino, major rating agencies could soon slash the city’s bond ratings amid fears that Mamdani’s spending may exceed projected revenue, raising further uncertainty for the city's fiscal outlook.

Gasparino has previously examined reports that Bob Iger's future ownership of the LA Lakers may have been overstated in a $12.5 billion deal. He has also noted that a potential studio sale by PSKY could trigger job cuts, highlighting private equity as a possible buyer in coverage of PSKY's divestment plans. These reports add context to his ongoing coverage of corporate and municipal financial developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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