Fitch Ratings downgrades Austin as its pension debt increases

Bethany Blankley  |  August 27, 2021

By Bethany Blankley, includes quote “… With credit rating changes, you always have to ask the question whether the horses were already escaping the barn before the rating was downgraded. A significant financial services executive once said, ‘The role of the credit rating agency is to go out on the battlefield after the battle is over, and shoot the wounded.’ Time will tell if Austin's ambitions were misplaced, and if so, how much it will cost.”

Read the full article on: The Center Square – Texas

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