NEWSDAY: Credit agency downgrades Long Beach bond rating

Hey Long Beach voters, let’s remember this next November. I shall be labelling this post ELECTION 2019 so I don’t forget when it comes time to vote.

NEWSDAY: Credit agency downgrades Long Beach bond rating

“Moody’s Investors Service reduced the city’s bond rating from Baa1 to Baa2, two steps above junk bond status….

Moody’s downgraded Long Beach’s rating, citing a concern of city’s inability to manage its budget, city officials said. Moody’s also maintained  its negative outlook on the city fiscally moving forward.”

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