Moody's Investors Service said it has downgraded to Baa1 from A1 the rating on Kankakee County and the Kankakee County Public Building Commission, Ill.'s $14.4 million of outstanding general obligation debt.

Concurrently, Moody's has downgraded the rating on the county's $6.6 million of outstanding GO limited tax debt certificates to Baa2 from A2. The outlook on the ratings is negative.

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.