Has a US city had its credit rating downgraded after a cyber attack? No
Do financial industry analysts think it possible to downfgrade a city’s credit rating after a cyber attack? yes
What factors can play into whether a local governmental entity’s credit rating could get downgraded?
- Does the local governmental entity, like a school district or municipal utility, have the fiscal reserves to pay the costs of cleaning up a cyber attack?
- Does the cyber attack hamper the tax payers support of the local governmental entity, and thus the local governmental entity[s ability to raise additional taxes?
Governing | Can a Cyberattack Cause a Credit Rating Downgrade?