S&P lowers city of L.A.'s bond ratings amid budget crisis [Yahoo! Finance]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
Check Earnings Report
US:NYSE Investor Relations:
stocktwits.com/symbol/s
Company Research
Source: Yahoo! Finance
On Friday, the credit rating agency downgraded its long-term rating for the city's general obligation bonds to AA- from AA. It also lowered the rating for the Municipal Improvement Corp. of Los Angeles' lease revenue bonds, which are used to purchase city equipment such as fire trucks, to A+ from AA-. "The downgrade reflects the city's weakening financial position and an emerging structural imbalance," S&P Global Ratings wrote in announcing the changes. S&P said it was concerned about the rapid deterioration of the city's reserve fund, which is supposed to remain at 5% or more of the general fund. To close a gap in the 2024-25 budget, city officials drew on the reserve fund, which fell to 3.22% of the general fund S&P said the bond ratings could decrease further if the city does not quickly make adjustments to the management of its budget. The bond rating downgrades came days after Mayor Karen Bass outlined the city's stark economic situation in her proposed budget for 20
Show less
Read more
Impact Snapshot
Event Time:
SPGI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SPGI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SPGI alerts
High impacting S&P Global Inc. news events
Weekly update
A roundup of the hottest topics
SPGI
News
- Travel + Leisure Co. (TNL) Surged Due to the Strengthening of the Value Proposition of the Timeshare Industry [Yahoo! Finance]Yahoo! Finance
- Travel + Leisure Co. (TNL) Surged Due to the Strengthening of the Value Proposition of the Timeshare Industry [Yahoo! Finance Canada]Yahoo! Finance Canada
- From data center spas to servers in space: How the energy crunch is reshaping cloud computing [MSNBC.com]MSNBC.com
- From data center spas to servers in space: How the energy crunch is reshaping cloud computing [CNBC]CNBC
- The AI Arms Race Is Cracking Open the Nuclear Fuel Cycle [Yahoo! Finance]Yahoo! Finance
SPGI
Earnings
- 10/31/25 - Beat
SPGI
Sec Filings
- 12/16/25 - Form 8-K
- 12/4/25 - Form 8-K
- 12/1/25 - Form 8-K
- SPGI's page on the SEC website