Moody’s Investors Service downgraded Springfield, Ill.’s senior-lien electric revenue bonds two notches and assigned a negative outlook.

The agency lowered the rating to A3 from A1, concluding a review launched last month. City Water, Light and Power has $622 million of outstanding senior-lien debt.

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.