Tag: Moodys

Written by Diane Benjamin - editor

More on Normal’s credit rating AND debt

By:  Diane Benjamin Normal reported the same credit ratings in their financial statements that I reported in this story:  https://blnnews.com/2019/12/07/moodys-normal-doesnt-have-a-aaa-credit-rating/ PDF page 33:  https://normal.org/DocumentCenter/View/15625/CAFR19-FINAL-DOC What they failed to tell you is that Fitch is owned by a French company and is the smallest of the “Big Three” ratings companies.    https://www.sapling.com/7319147/sp-moodys-fitch-ratings S&P doesn’t not have […]

Written by Diane Benjamin - editor

What the media left out

By:  Diane Benjamin Media did report Illinois universities had their credit ratings downgraded by Moody’s.  Their details were sketchy though. Here’s the story:  https://www.ilnews.org/news/economy/moody-s-downgrades-seven-of-illinois-public-universities-five-speculative/article_bd88b102-4d66-11e7-8a6d-af95b89dd478.html The University of Illinois’ new rating is A1 with a negative outlook. Read the story – this is because U of I is doing nothing to control costs and relies too […]

Written by Diane Benjamin - editor

Bloomington dying under Renner

By:  Diane Benjamin The real story of Bloomington is it is in a steep decline.  We felt it, Moody’s confirmed months ago that Bloomington-Normal is in a recession. Here’s more proof:  http://247wallst.com/special-report/2016/09/22/cities-with-the-fastest-growing-and-shrinking-economies-2/7/ Bloomington was named the NUMBER ONE city in the country with a shrinking economy! Note: this is 2015 – 2016 was worse! Also […]

Written by Diane Benjamin - editor

Bloomington is in recession

By:  Diane Benjamin It’s not me saying Bloomington is in a recession, it’s: . The report doesn’t go into details about Bloomington – just this statement on page 4: . See the entire report HERE Next month’s primary election just got serious.  Liberal progressives think they need to keep spending money in a recession, conservatives […]

Written by Diane Benjamin - editor

Bond refinance good, but . . .

by: Diane Benjamin It is a good thing the City of Bloomington refinanced bonds and is saving money on interest.  Actually, it’s a no-brainer.  How many of you refinanced your home numerous times as interest rates dropped to historic levels.  Isn’t saving taxpayer money what we expect of government? One problem:  Fitch and Moody’s didn’t […]