Bond Market May Be a Last Guardrail on Far-Left Mayors as Moody’s Goes ‘Negative’ on Mamdani’s New York
Chicago also under pressure as Fitch cautions about ‘management ineffectiveness’ Zohran Mamdani speaks to members of the media at a Brooklyn library on December 17, 2025 in New York City. (Photo by Spencer Platt/Getty Images) March 13, 2026 image/svg+xml A mostly obscure and widely derided sector of the financial industry—bond rating agencies—may be one of