Officials Fiddle As Credit Rating Teeters
Moody’s has downgraded the City of Pittsburgh’s financial outlook from "stable to negative." While the City keeps the A1 rating from 2008, the rating agency
Moody’s has downgraded the City of Pittsburgh’s financial outlook from "stable to negative." While the City keeps the A1 rating from 2008, the rating agency
"Adoption of a budget that continues to rely on outside approvals, unrealistic revenue assumptions, or unachievable savings will result in a downgrade". That’s what one
Citing the unwillingness of political officials to make difficult decisions, Fitch bond rating agency has lowered Pennsylvania’s credit rating. This follows Moody’s downgrade last year.