Captain Creeper
Diamond Member
- Oct 13, 2025
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NYC’s credit rating on downslide as Moody’s sounds alarm over budget gaps
A major debt-rating agency warned investors Wednesday that it may soon to downgrade New York City’s credit rating — a major blow to the Big Apple that would trigger increased borrowing costs.…
NYC’s credit raping was positive under Adams. Now, Moody’s has downgraded the rating from stable to negative. Why? There is a huge budget deficit. This comes as Mamdani is seeking state approval for huge tax hikes.
I’m just a few short weeks in office, Mamdani is making great progress in bankrupting NYC.