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04-08-2010, 12:09 AM #1
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Moody's Cuts LA Credit Rating, Warns of More Downgrades
Moody's Cuts LA Credit Rating, Warns of More Downgrades
Wednesday, 07 Apr 2010 02:36 PM
The Los Angeles City Council and employee unions are investigating whether Mayor Antonio Villaraigosa has the authority to shut down municipal services two days a week.
The city's financial crisis led Moody's Investors Service to downgrade the city's credit rating and warn that the city risks further downgrades.
Moody’s cut L.A.’s general-obligation bond debt rating to Aa3 from Aa2. That puts the city at the lower end of what Moody’s considers a “high qualityâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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03-28-2024, 09:54 PM in illegal immigration News Stories & Reports