On May 2, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Weekly Report,” which stated that the digital asset market experienced bearish sentiment for the second consecutive week, resulting in outflows totaling $72 million. The report noted that the bearish sentiment could be attributed to the probability of further interest rate hikes
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Las Vegas, Nevada, had its issuer default rating upgraded to AA from AA-minus by Fitch Ratings, which cited favorable visitor trends, healthier-than-anticipated revenues and federal aid. A stable ratings outlook has been assigned. The upgrade affects the series 2004 limited tax general obligation bonds issued by the Las Vegas Special Improvement District. The special improvement
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Kroll Bond Rating Agency upgraded the state of New Jersey’s general obligation bonds to A-plus from A. The move Monday by KBRA followed upgrades from Moody’s Investor Service, S&P Global Ratings, and Fitch Ratings and was the fourth time in less than a month that a major rating agency raised the state’s credit rating. KBRA
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