#StandardAndPoor Hangs Negative Outlook On #CityOfQuincy #CreditRating

(“Ruh roo”)
Still image via YouTube

While reviewing Quincy Mayor Thomas Koch’s proposed Fiscal Year 2026 budget book, the quants on the Quincy Quarry News Financial and other affairs desk noticed that something usually included in budget books in recent years was missing: the full Standard and Poor credit report for the City of Quincy.

In turn, a quick look by the Quarry’s quants found that a month ago Standard and Poor hung a negative outlook on the City of Quincy, something which the Koch Maladministration has failed to disclose, however.

An even closer haircut looks to be coming …
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While not a downgrading of Quincy’s credit grade rating, a negative outlook is warning sign that a future rating grate cut is possible, if not also likely when one is looking at the City of Quincy’s curious finances. 

For example, Quincy Quarry is working a story about $16 million problem and thus the Quarry will be reporting on this story as soon as possible as at the end of the day this latest koched-up development is going to cost local taxpayers even more money.

In fact, a lot of money as in around $16 million.

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