Moody's Ratings upgrades to Aa3 from A1 Modesto, CA's issuer rating; stable outlook assigned
Moody's Ratings (Moody's) has upgraded to Aa3 from A1 the issuer rating on the City of Modesto, CA. Concurrently, we have upgraded to Aa2 from Aa3 the water revenue bond ratings. At fiscal 2023 year-end, the city had $319 million in total debt outstanding. A stable outlook was assigned. The one-...
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