Moody's Investors Service said it has downgraded to A2 from A1 the rating on the city of New Haven, Conn.'s outstanding general obligation bonds, affecting approximately $510 million of outstanding debt.

The outlook remains negative. The city's outstanding general obligation bonds are secured by the city's unlimited tax pledge.

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.