Moody’s Investors Service has revised New Haven’s outlook to negative as it prepares to sell $44.5 million of Series 2011B general obligation bonds on Wednesday.

The move affects about $474 million of outstanding debt. Moody’s affirmed its A1 rating for the city. The new outlook “reflects the possibility of downward rating movement should the city’s already slim general fund balance position narrow further,” Moody’s said in a statement.

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.