{"id":89159,"date":"2025-12-15T23:04:14","date_gmt":"2025-12-15T23:04:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/89159\/"},"modified":"2025-12-15T23:04:14","modified_gmt":"2025-12-15T23:04:14","slug":"corpus-christi-texas-downgraded-by-moodys-on-south-texas-water-shortage","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/89159\/","title":{"rendered":"Corpus Christi, Texas Downgraded by Moody&#8217;s on South Texas&#8217; Water Shortage"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">A drought in South Texas caused Moody\u2019s Ratings to downgrade the city of <a href=\"https:\/\/www.bloomberg.com\/quote\/920960Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Corpus Christi<\/a>, which projects demand for water will outpace supply by the spring of 2027.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">The ratings company lowered the city of roughly 320,000 people to A1 from Aa2 and also cut its utility revenue bond rating to A1 from Aa3. The Gulf Coast municipality roughly 400 miles (640 kilometers) south of Dallas has about $2 billion in debt outstanding.<\/p>\n","protected":false},"excerpt":{"rendered":"A drought in South Texas caused Moody\u2019s Ratings to downgrade the city of Corpus Christi, which projects demand&hellip;\n","protected":false},"author":2,"featured_media":89160,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[42195,22699,7771,155,157,156,102,10926,477,19206,19175,12272,6709,42194,27],"class_list":["post-89159","post","type-post","status-publish","format-standard","has-post-thumbnail","category-corpus-christi","tag-a1","tag-bonds","tag-cities","tag-corpus-christi","tag-corpus-christi-headlines","tag-corpus-christi-news","tag-dallas","tag-debt","tag-exxon-mobil-corp","tag-generic-1st-cl-future","tag-green","tag-gulf-coast","tag-markets","tag-moodys-corp","tag-texas"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/89159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=89159"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/89159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/89160"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=89159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=89159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=89159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}