Moody's Investors Service said it has downgraded to A2 from A1 the rating on the Municipal Authority of the city of McKeesport, Pa.'s sewer revenue bonds, affecting $76.2 million of sewer revenue debt outstanding.
McKeesport, Pa., Muni Auth Revs Downgraded to A2 by Moody's
DEC 6, 2012 10:22am ET
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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.
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