Moody's Investors Service said it has downgraded the village of Rosemont, Ill.'s general obligation rating to A2 from A1.

Concurrently, Moody's has assigned an A2 rating to the village's $25.0 million general obligation corporate purpose refunding bonds, taxable, Series 2013A and $4.5 million general obligation corporate purpose refunding bonds, tax-exempt, Series 2013B. Post-sale, the village will have $371.5 million of long term general obligation unlimited tax debt outstanding. The village's outlook remains negative.

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.