Fitch Ratings last week downgraded Missouri’s Howard Bend Levee District debt two notches to the lowest investment-grade level rating.

The agency lowered the rating to BBB-minus from BBB-plus on $19 million of bonds sold in 2005 and another $5.2 million of bonds from a 2007 issue for the district, located about 20 miles northwest of St. Louis.

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.