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Tag Archives: municipal bond rating

One agency lowers city's bond rating

Moody’s Investors Service has downgraded city of Austin bonds from Aaa to Aa1 just before the city gets ready to sell $271 million in general obligation bonds. The agency cited Austin’s “high leverage and fixed costs attributable to the city’s…

Austin Water officials share concerns over bond downgrade

At the most recent meeting of the Joint Committee on Austin Water Utility’s Financial Plan, utility officials shared concerns about the fate of their bond rating.   Due to similar financial circumstances, Ft. Worth’s Tarrant Regional Water District was recently…

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