New Haven outlook revised to negative: Moody's | Reuters: "(Reuters) - The ratings outlook for Connecticut's New Haven was revised to negative from stable, partly because the 'already slim' balance in the city's general fund could shrink further, Moody's Investors Service said on Wednesday.
'The city's already low level of reserves, below average demographic profile and high debt burden leave little flexibility for further weakening of its reserve position within the current rating category,' Moody's said in a statement."
'The city's already low level of reserves, below average demographic profile and high debt burden leave little flexibility for further weakening of its reserve position within the current rating category,' Moody's said in a statement."
Comments