Standard & Poor's Ratings Services said it lowered its long-term rating to D from CC on the city of Vadnais Heights, Minn.'s series 2010A, B, and C annual appropriation lease revenue bonds, issued by the Vadnais Heights Economic Development Authority.
Vadnais Heights, Minn., Series 2010A, B, C Lowered to D by S&P
FEB 26, 2013 12:36pm 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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