www.bloomberg.com
Moody’s Ratings downgraded Jersey City’s credit rating from A1 to A2, citing a “deteriorating liquidity profile” indicative of a financially “struggling city.” This downgrade signals increased risk for investors, potentially leading to higher borrowing costs for Jersey City. The lower rating likely reflects concerns about the city’s ability to meet its financial obligations in the short term, potentially stemming from budgetary pressures or increased debt.
