Standard & Poor's Ratings Services said it lowered its long-term and underlying rating to B-minus from B on Allen Park City, Mich.'s unlimited-tax general obligation bonds and limited-tax GO bonds, some of which were issued by the Allen Park Building Authority, and the Allen Park Brownfield Redevelopment Authority.

At the same time, Standard & Poor's removed the ratings from CreditWatch with negative implications. The outlook is stable.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.