Moody's Drops San Diego GOs to Aa3 From Aa1, Citing Fiscal Management

Saskal, Rich
August 2004
Bond Buyer;8/12/2004, Vol. 349 Issue 31946, p4
Trade Publication
Reports on the decline in the rating given by Moody's Investors Service Inc. to the general obligation bond of San Diego, California. Statement of analyst Dari Barzel of Moody's regarding the impact of policy decisions of the city on its finances; Disclosure of errors in the audited financial statements of the city; Revelation of large deficits in the city employee pension plan.


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