Moody's Investors Service said it has downgraded the issuer rating of the city of Glendale, Calif., to Aa2 from Aa1 and has downgraded to A1 from Aa2 the rating of the city's variable rate demand certificates of participation, Series 2000C (2000 Police Building Project).
Glendale, Calif., ICR Lowered to Aa2 by Moody's
JAN 11, 2013 7:59am 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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