We certainly hope that it doesn’t come to this but it is somewhat comforting to know that according to a recent study by Moody’s Investor Service reported by Yahoo News, San Antonio is considered to be most prepared for a recession.
Using fiscal volatility, reserve coverage, financial flexibility and pension risk, Moody’s determined how prepared a city is for a recession.
Out of any major city in the United States, San Antonio’s bond ratings are among the highest. On the other hand, Chicago and Detroit are considered the least prepared.
Click here to read the full article: San Antonio proves most prepared for recession (KSAT.com, April 13, 2020)
