Moody's Investors Service said it has downgraded to Baa2 from A3 the city of Reno, Nev., capital improvement revenue bonds, Series 2002, capital improvement revenue refunding bonds, Series 2005A and capital improvement revenue bonds, Series 2005 B and C (taxable) in the aggregate amount of approximately $130 million.

A negative outlook is also assigned to the rating.

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.