Ratings Agency Downgrades Birmingham’s Credit Rating
It’s the kind of story that mostly finance types or municipal bond investors pay attention to, but the ratings agency Fitch has downgraded the City of Birmingham’s credit rating. It also lowered the city’s outlook from stable to negative. We talk about what factored into the report in this week’s Magic City Marketplace.
Birmingham is big business and small. But whatever the size of the operation, the marketplace is connected by people who have to grapple with numbers and projections and spin. We try and slice through the psychobabble that can be business news with a weekly discussion of who's up and who's down, why the market reacts a certain way or what a business closing or opening means to you.