Wednesday, August 28, 2013

Smitherman: S&P Set to Review Cincinnati Credit Rating in September

From Christopher Smitherman:

The S+P will review the credit rating of the City of Cincinnati in September. Moody's recently downgraded the City of Cincinnati and warned the city by extending a negative outlook going forward. Most likely, the S+P in September will follow with a second downgrade in less than 90 days. "The City of Cincinnati cannot afford a streetcar. However, a majority of City Council members move forward, ignoring costs. We must elect a Mayor and City Council that will make more responsible financial decisions," Smitherman said.

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