TITLE

Ailing Pittsburgh Loses Its Last Investment-Grade Rating

AUTHOR(S)
D′Ambrosio, Gillian
PUB. DATE
November 2003
SOURCE
Bond Buyer;11/20/2003, Vol. 346 Issue 31766, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the downgrade of the rating assigned to the general obligation bonds of Pittsburgh by Moody's Investors Service Inc. in Pennsylvania. Inclusion of the rating on the watch list of Moody's for possible further downgrade; Reason for the downgrade of the bond rating of the city; Announcement on the plans of Mayor Tom Murphy to seek financially distressed municipality status.
ACCESSION #
11519588

 

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