Moody’s downgrades Jackson water & sewer bonds to A1 from Aa3

Moody’s issued the following statement on Jackson (Emphasis added by JJ):

Rating Action: Moody’s downgrades to A1 from Aa3 the rating on the City of Jackson’s (MS) Water and Sewer System Revenue Bonds; Outlook remains negative
Global Credit Research – 21 May 2013
Assigns A1 rating to the City of Jackson’s (MS) $90 million Mississippi Development Bank Special Obligation Bonds, Series 2013 (City of Jackson, Mississippi Water and Sewer System Revenue Bond Project)

New York, May 21, 2013 —
Moody’s Rating Issue: Special Obligation Bonds, Series 2013 (City of Jackson, Mississippi Water and Sewer System Revenue Bond Project); Rating: A1; Sale Amount: $90,000,000; Expected Sale Date: 05/22/2013; Rating Description: Revenue: Government Enterprise

Jackson Jambalaya
5/24/13