Includes “… ‘Does it make sense that we have a once-in a century pandemic and the rating agencies haven’t done anything?’ said Vikram Rai, a municipal-bond analyst at Citigroup Inc. ‘They know about the deterioration. They just haven’t acted on it.’ … Rai speculated that rating companies have held back from downgrades, waiting to see whether Congress passes another stimulus package and for the results of the presidential election. … Blake rejected Rai’s contention, saying Moody’s ratings are based on economic data not political assumptions. …”
Read the full article on: Crain’s Chicago Business