Moody’s looked at the largest 25 U.S. cities and used four main factors to determine how prepared a city was for recession -- Fiscal volatility, reserve coverage, financial flexibility and pension risk.
San Antonio’s bond ratings are among the highest of any major city in the United States.
Austin, Boston, Charlotte, Denver, San Francisco, and Seattle are also best positioned to weather a recession, the study found.
Chicago and Detroit are considered the least prepared. Both cities have credit ratings that fall under the non-investment grade category, which is the lowest rating.
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The coronavirus, or COVID-19, is going to strain America’s biggest cities financially, and Chicago is likely to feel the most pain. Read more at the link in bio. * * * * #YahooFinance #finance #health #coronavirus #virus #world #spread #news #who #danger #mind #info #news #graphic #graphics #us #usa #america #americans #sick #sickness #cases #case #death #recession
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