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Stock impact report

Municipal bonds face new challenges from Iran war, FEMA changes [Yahoo! Finance]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Company Research Source: Yahoo! Finance
S&P reports that upgrades exceeded downgrades in most sectors in 2025, elevating average municipal ratings. Smith's Research, which combines three rating agency actions, shows similar positive-weighted activity. However, the first quarter of 2026 saw a reversal, with downgrades exceeding upgrades by S&P. It makes sense that the ratio of upgrades to downgrades is narrowing or reversing after several years, with positive ratings actions exceeding negative actions. We have wondered for years when the credit outlook might change, since it has been strong for so long, even with challenges. Munis have an average rating of AA, reflecting strong economies, improved budgeting tools, and financial cushions to help manage challenges that may lie ahead. Challenges include the ending of pandemic stimulus (some aid still flowed in 2026) that helped many municipalities over the hump of Covid-19 restrictions, changes to federal funding such as FEMA and Medicaid that need to be managed, as well as e Show less Read more
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