Moody’s downgrades city’s bond rating
by Associated Press Published: March 7,2013
Tags: bond, bond rating, borrow, city, debt, finance, loan, municipal, municipality
NATCHEZ — The City of Natchez has received a slight downgrade to its bond rating. The Natchez Democrat reports the Moody’s Investors Service downgraded the city’s general obligation bond rating from A1 to A2. City financial adviser Demery Grubbs said the move should have no effect on the city’s capacity to borrow money. He said [...] [...]
