Reported about 10 hours ago
US states such as Florida, North Carolina, and Texas may retain their top credit ratings from Moody's, despite the recent downgrade of the US government's rating. These states have demonstrated better fiscal health, as they are generally required to balance their budgets. Analysts suggest that while the federal downgrade reflects concerns about rising debt and deficits, the impact on state ratings may be minimal. Historically, states have maintained their strong credit ratings even amid federal downgrades, demonstrating resilience in the face of national fiscal challenges.
Source: YAHOO