Funding pressures, regulatory capital weaknesses and higher risks in the commercial real estate loan portfolios dragged Moody’s credit ratings of two sizeable banks operating in the Massachusetts market.
The threat coastal flooding poses to property values and property taxes could ding the state’s credit rating in future years, a ratings agency warned this week.
Strong economic activity in the commonwealth has allowed the state to maintain a high credit rating. But this could change if the cycle turns and Massachusetts doesn’t get a handle on its debt.
