In the last couple of days
CRI Board member Charlie Copeland said there was a rumor out there suggesting the State of Delaware may be facing
a possible downgrade around year-end.
As Charlie explained
he had been included in an email exchange
with an impeccable source and therefore relayed the info.
Charlie’s radio interview was last weekend
and Data Delaware told that story on Monday.
, within days -- by sheer coincidence,
just days – of Mr. Copeland’s remarks,
Moody’s assigned a Aaa
to the State of Delaware’s GO (General Obligation) bonds.
the Moody’s headline also reads, “outlook stable”.
According to the RATINGS RATIONALE,
“Delaware’s Aaa rating is supported by its strong management and governance. And its healthy and stable finances.”
For a screen shot – courtesy Bloomberg – of the highlights, its below…