The Harrisburg Authority is pushing back against a Ba1 rating from Moody’s Investors Service on the authority’s $69.4 million of water bonds, calling the rating “fundamentally unfair.”

Moody’s on Jan. 18 dropped the water bonds to Ba1 — below investment grade — from A1 and placed a negative outlook on the credit. The credit downgrade was due to Harrisburg’s financial troubles and the connection between the city and the water system.

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