With coronavirus decimating the state's dominant industry of tourism, Moody's dropped Hawaii's rating outlook to negative.
Amid the market mayhem and work-from-home requirements, Hilltop Securities is adopting new tools to keep clients current on coping strategies.
Fitch follows Moody's in revising the Empire State's debt to negative from stable.
Ginnie Mae will begin taking requests for assistance from issuers who, having exhausted all other options, are having trouble advancing borrowers' principal-and-interest payments to investors amid the pandemic.
Moody’s revised its outlook on Illinois’ Baa3 rating to negative from stable; a university study warns of a worst-case $28 billion multi-year revenue hit.
With Atlantic City casinos closed, Fitch Ratings revised the outlook to negative from stable on Casino Reinvestment Development Authority bonds.
S&P Global Ratings moved its outlook on Illinois' BBB-minus to negative from stable on "worsening economic conditions," an action that also impacted sales tax, convention center and sport facilities' bonds.
The bond-financed $420 million expansion project moved forward over the objections of board members who questioned the timing amid plummeting tax revenues.
Negative outlooks trigger questions about other reeling areas in the capital markets crosshairs.
The worst is yet to come from the coronavirus pandemic, said the commonwealth's revenue secretary, Dan Hassell.