TITLE

Moody's Reviewing Pittsburgh's A3 Rating for Possible Downgrade

AUTHOR(S)
D'Ambrosio, Gillian
PUB. DATE
September 2003
SOURCE
Bond Buyer;9/8/2003, Vol. 345 Issue 31714, p33
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the decision of credit rating agency Moody's Investors Service Inc. to review Pittsburgh, Pennsylvania's A3 general obligation rating for possible downgrade due to budget deficit in fiscal 2003. Change in debt ratings of the city by rating agency Standard & Poor's Corp.; Effect of the rating change on the city's credit; Total gap faced by the city in its budget during the year.
ACCESSION #
10792929

 

Related Articles

  • Detroit Trust on Watch as Moody's Revisits Scale. Carvlin, Elizabeth // Bond Buyer;11/21/2006, Vol. 358 Issue 32513, p5 

    The article reports on the placement of the Detroit Retirement Systems Funding Trust on Moody's Investors Service Inc.'s watchlist for a possible downgrade. The action follows apprehension over potential changes in the method of assigning such ratings. The credit rating agency assigned an Aa2 to...

  • MISSQURI: Moody's Sings K.C. Blues. Shields, Yvette // Bond Buyer;3/12/2008, Vol. 363 Issue 32834, p9 

    The article reports on the revision made by Moody's Investors Service Inc. on Kansas City's general obligation (GO) credit to negative from stable as the city prepares to enter the market with several new-money and refunding deals in Missouri. The agency affirmed the city's Aa3 GO rating on a...

  • Moody's Places Airports on Negative. Dutton, Audrey // Bond Buyer;8/14/2008, Vol. 365 Issue 32940, p1 

    The article reports that Moody's Investors Service Inc. changed its outlook to negative for airports in the U.S. The rating agency warned that reductions in airline capacity are causing possible credit problems because it puts airlines at danger of bankruptcy. Such capacity reductions were...

  • Exposure to Europe won't affect ratings of most Asian corporates -- Moody's.  // Asia Insurance Review;May2012, p38 

    The article discusses the report "Exposure to Europe Won't Affect Ratings of Most Asian Corporates" by credit rating agency Moody's Investors Service, which indicates that many Asian-rated companies are less exposed to conditions in the euro zone.

  • Obama Risking Our AAA Rating. Babbin, Jed // Human Events; 

    The article discusses the probability of the U.S. losing its AAA rating. Moody's Investor Service, the primary source of the ratings, issues an AAA to a company or country which allows it to borrow at lower interest rates than the market demands of higher risk debtors. The U.S. federal deficit,...

  • Moody's Returns Richmond, Calif .'s Debt to Investment Grade. Kelemen, Jasmina // Bond Buyer;1/13/2005, Vol. 351 Issue 32049, p3 

    The article reports on the upgradation of the credit rating of Richmond, California by Moody's Investors Service Inc. Moody's Investors Service has restored Richmond's issuer credit rating to investment grade, citing a financial turnaround for the city a year after it discovered a US$35 million...

  • Moody's: States Are in Trouble, But Widespread Drops Unlikely. Funk, Lynne // Bond Buyer;2/11/2009, Vol. 367 Issue 33060, p4 

    The article reports on the serious financial pressures and a negative outlook facing states in the U.S., according to the data released by the Moody's Investors Service Inc. The rating agency's outlook for the states remains negative because of the state's deteriorating financial positions and...

  • Ongoing Budget Morass Dims Arizona's Outlook. Williamson, Richard // Bond Buyer;9/16/2009, Vol. 369 Issue 33184, p3 

    The article reports on the warning by Treasurer Dean Martin that failure to fix a one billion U.S. dollars budget deficit will continue to raise the cost of doing business in Arizona. It notes that rating agencies are placing the state's Aa3 issuer rating on negative outlook, reflecting the...

  • Moody's Places Cicero, N.Y., and Its LDC on Watch for Downgrade. McDonald, Michael // Bond Buyer;9/2/2003, Vol. 345 Issue 31710, p3 

    Reports on the decision of international rating agency Moody's Investor Service Inc. to observe Cicero Local Development Corp. (CLDC) and the general obligation rating of Cicero, New York for a potential downgrade. Effect of this rating action on revenue bonds sold by CLDC to finance a town...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics