Moody's Investors Service said it has downgraded to Aa1 from Aaa the general obligation rating of the city of Evanston, Ill.

The city has $154 million of outstanding Moody's rated general obligation debt and $70 million of outstanding unrated Illinois Environmental Protection Agency (IEPA) loans. The rating has been removed from review for possible downgrade.

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.