By: Diane Benjamin Fitch Ratings, the smallest ratings agency, has always been the only one to have Normal at AAA. On August 12th they downgraded Normal to AA. That is a huge drop – skipping over AAA- and AA+. https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-normal-il-idr-to-aa-from-aaa-due-to-criteria-change-outlook-stable-12-08-2024 It looks to me like long term debt caused the downgrade and Fitch changing how […]