NEW YORK - Fitch Ratings said it has downgraded Fresno, Calif.'s implied general obligation (GO) bond rating to A-minus from A, and the Fresno Joint Powers Finance Authority's $167.5 million lease revenue bonds (series 2004A, B, & C; 2006 A; 2008 A, C, E & F; and 2009A) to BBB-plus from A-minus.

Fitch has also revised the city's rating outlook to negative from 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.