Memphis budget woes spark worry from bond rating agency
Memphis’ current bond rating is AA, which is the second-highest rating for a company or municipality and is just below AAA. (The Daily Memphian file)
The outlook change signals that Fitch Ratings has concerns and could downgrade the City of Memphis’ bond rating.
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Memphis city budget Mayor Paul Young Subscriber OnlyThank you for supporting local journalism.
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Samuel Hardiman
Samuel Hardiman is an enterprise and investigative reporter who focuses on local government and politics. He began his journalism career at the Tulsa World in Tulsa, Oklahoma, where he covered business and, later, K-12 education. Hardiman came to Memphis in 2018 to join the Memphis Business Journal, covering government and economic development. He then served as the Memphis Commercial Appeal’s city hall reporter and later joined The Daily Memphian in 2023. His current work focuses on Elon Musk’s xAI, regional energy needs and how Memphis and Shelby County government spend taxpayer dollars.
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