Two of the three major ratings agencies — Moody's Investors Services and Standard & Poor's — have downgraded the county's bond rating to junk status in the wake of revelations this month by Wayne County Executive Warren Evans' administration that the county could run out of cash next year and faces a $70-million structural deficit as well as an underfunded pension system...."
Tuesday, February 24, 2015
Yes. Democrats destroy counties too--------Wayne County's bond rating now at junk status
Wayne County's bond rating now at junk status:
"Wayne County's looming financial crisis is damaging its credit.
Two of the three major ratings agencies — Moody's Investors Services and Standard & Poor's — have downgraded the county's bond rating to junk status in the wake of revelations this month by Wayne County Executive Warren Evans' administration that the county could run out of cash next year and faces a $70-million structural deficit as well as an underfunded pension system...."
Two of the three major ratings agencies — Moody's Investors Services and Standard & Poor's — have downgraded the county's bond rating to junk status in the wake of revelations this month by Wayne County Executive Warren Evans' administration that the county could run out of cash next year and faces a $70-million structural deficit as well as an underfunded pension system...."
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