TITLE

Moody's Downgrades Pittsburgh

AUTHOR(S)
Cataldo, Adam L.
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/12/2004, Vol. 350 Issue 31987, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
14694140

 

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