BRADENTON, Fla. - Moody's Investors Service yesterday slashed to B3 from Baa3 the underlying rating on the sewer enterprise program Jefferson County, Ala. - the second rating agency to drop the county's $3.2 billion in sewer debt to below investment grade.

Moody's went a step further and placed Jefferson County's other credit ratings on review for possible downgrade, including the county's Aa2 general obligation rating, Aa3 lease revenue rating, A1 limited obligation school warrant rating, and A1 special tax bonds.

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.