Moody’s May Lower City’s Credit Rating
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L.A. Times Archives April 9, 2004 12 AM PT Share via Close extra sharing options Email Facebook X LinkedIn Threads Reddit WhatsApp Copy Link URL Copied! Print From Times Staff and Wire
Reports
Moody’s Investor Service said it may lower the credit rating of the city because of soaring pension costs and a looming budget deficit and questions about the city’s financial management.
Standard & Poor’s and Fitch Ratings cut their evaluation of the city’s bonds in February.
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