Moody's Downgrades Pittsburgh

Cataldo, Adam L.
October 2004
Bond Buyer;10/12/2004, Vol. 350 Issue 31987, p1
Trade Publication
Announces that Moody's Investors Service has lowered its rating on Pittsburgh, Pennsylvania's debt to Ba2 from Ba1 and put the city under review for another possible ratings downgrade. Result of delays in getting approval for the city's five-year financial recovery plan by the Intergovernmental Cooperation Authority; Impact of anticipated delay in getting the state legislature to approve new revenue sources; City's projected deficits at the end of 2004.


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