OTHER NEWS - Oct. 27, 1992
From Times Staff and Wire Reports
Dallas’ Bond Rating Cut: The last major city in the country to boast a AAA bond rating, Dallas has had its rating for general obligation bonds lowered to Aa1 by Moody’s Investors Service. Moody’s also lowered the Dallas Independent School District’s bond rating to Aa from Aaa. Both cuts were based on declining tax bases, Moody’s said. Dallas City Manager Jan Hart said the lower rating won’t affect the city’s plan for capital expenditures and won’t increase costs for the city significantly.
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