​San Francisco Hit With Credit Downgrade Over CRE Apocalypse – Tyler Durden

San Francisco Hit With Credit Downgrade Over CRE Apocalypse Moody’s Investors Service downgraded San Francisco’s credit rating, indicating the city’s sluggish recovery from the virus pandemic and the ongoing tech exodus, wreaking havoc on the commercial real estate market. Not mentioned in the report is the crime and chaos sparked by disastrous policies pushed forward by radical leftists in City Hall, which have only transformed some parts of the city into third-world conditions. Bloomberg reports that Moody’s downgraded San Fran’s credit rating to Aa1 from Aaa. This might trigger an avalanche of other downgrades from credit rating agencies in the weeks and or months ahead. Both…  — Continue at ZeroHedge News : Read More