Milwaukee’s recent downgrade by Moody’s Investors Service became a campaign issue last week when Mayor Tom Barrett, who hopes to unseat Gov. Scott Walker in an upcoming recall election, blamed Walker for the action.

Barrett said state cuts in the shared revenue program were partially to blame. He also said Walker’s measures like cancelling a contract for a new train plant in the city have hurt employment efforts, according to published reports.

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.